Business and Industry
Business and Industry
Manufacturing is a major component of Missouri’s $321.7 billion economy.
Payroll firms employing less than 50 workers account for 96.4% of businesses in Missouri in the first quarter of 2021.
Business Employment Dynamics is a set of statistics generated from the Quarterly Census of Employment and Wages program. These quarterly data series consist of gross job gains and gross job losses statistics from 1992 forward. These data help to provide a picture of the dynamic state of the labor market.
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 and dashboard 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.
Projected Growth and Recovery
The 2020 to 2030 projections, funded by the Program Year 2021 WIGS grant and published in July 2022,
have unique considerations due to the effect of the COVID-19 pandemic. This brief details
The Agribusiness Industry refers to food production, maintenance, storage, and support industries.
The Biosciences Industry includes production, services, and research and development sectors.
The Construction Industry includes development, production, and support services of specialty trade, building, and heavy and civil engineering.
The Education Industry is the only target industry that combines public and private sectors to get a clear picture of how this industry is performing in the state.
The Energy Solutions 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 Industry includes finance and insurance, professional, scientific, and technical services, management of companies and enterprises, and administrative services.
The Health Care Science and Services Industry includes professional, scientific, technical services, and health care sectors.
The Hospitality Industry includes the arts, entertainment, and recreation sector, such as museums, historical sites, amusement parks, casinos, and other recreation; accommodations including hotels, motels, other traveler accommodations; and food service sectors like food and drinking places.
The Information Technology Industry includes information sector employment such as software publishers and data processing, as well as professional and technical services like computer system design, technical consulting, and research and development services.
The Manufacturing Industry refers to material and product producers and the industries that support them.
The Transportation and Logistics Industry includes production of containers, wholesale trade, consulting services, and transportation and warehousing services.
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.
Missouri ranks among the top states for manufacturing employment and capital expenditures.
The annual Top 50 Private Sector Employer list has been updated through 2019. This list is based on the number of employees a business had during a selected quarter and is developed using a combination of Bureau of Labor Statistics Quarterly Census of Employment and Wages data and InfoUSA collections.