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Business and Industry
Manufacturing is a major component of Missouri’s $317.7 billion economy.
Payroll firms employing less than 50 workers account for 95% of businesses in Missouri in 2017.
Professional services accounted for 17% of new business formations last year.
Centene, Emerson Electric and Reinsurance Group of America are the largest Fortune 500 companies in the State.
This brief explains which industries in Missouri are highly concentrated and why concentration analysis is important in understanding what makes a region's economy unique.
Historic industry employment trends and other factors are analyzed to project future industry employment. Industry staffing patterns are then used to estimate occupational employment projections. The occupational projections estimate the number of new, transfer, and exit jobs openings that are expected to occur over the projection period.
Refers to technology-intensive producers and the industries that support them.
The BioSciences Target Industry Group represents 13 industries and two percent of total private sector employment
The Energy Solutions Target Industry Group includes technologies that provide long-term and low-impact solutions to the energy demands of Missouri residents and businesses.
The Financial and Professional Services Target Industry Group employs over 237,800 workers in 25,870 establishments across fourteen industries.
The Health Sciences and Services Target Industry Group employs 444,675 person across 21,364 establishments in 19 industries
The Information Technology Target Industry Group is made up of nine industries that employ 115,320 workers across 12,191 establishments.
Transportation and Logistics are the core of strategic supply chain management.
Missouri ranks among the top states for manufacturing employment and capital expenditures.
Retail trade is the sale and distribution of merchandise to consumers through either a store location or a non-store location such as internet, phone, catalog or advertising.
Creative industries represent 2.5 percent of total state employment.
Missouri has a $280 billion dollar economy and is the 3rd most economically diverse state in the nation. Manufacturing represents nearly 13 percent of gross state product followed by government, real estate, and health care. Agriculture represents about two percent of gross state product at $5.2 billion.
Industry Research Library
Lessons from Missouri's Fastest Growing Businesses
Lessons on How to Survive and Thrive from Missouri's Fastest Growing Businesses
Discovering patterns of connected industries can be difficult given the number of companies in an economy and the data available for analysis. Yet understanding the business patterns that drive wealth in a region is critical to designing effective development initiatives.