Missouri’s economy had another great year in 2016. According to the Department of Economic Development, Missouri saw 46 major investments totaling more than $725 million in 2016, creating more than 3,300 jobs. And overall, Missouri companies created more than 57,000 new jobs, beating all eight of the surrounding states in job creation over the last 12 months.
Companies that invested in Missouri included industry giants such as CVS, Boeing and Virgin Mobile, as well as leading industry innovators such as Vital Farms, Pramata and American Marksman. Additionally, Missouri saw a $66 billion definitive merger agreement between St. Louis-based Monsanto Co. and Bayer AG, and the National Geospatial Intelligence Agency chose Missouri as the site for its new 100-acre, $1.7 billion western regional headquarters.
Now with 2016 in the rear-view, Missouri looks to continue its success in 2017 as Missouri’s economy appears primed for additional growth. Kansas City’s continued growth makes it a prime location as businesses take advantage of its role as the “Most Connected City on Earth.” St. Louis’ agtech innovation district, 39 North, and announced expansions to the Cortex Innovation Community are among the many opportunities in the region. And Springfield, St. Louis and St. Joseph will continue to build on their top 5 national rankings for startup growth.
The coming year will see Missouri continuing to take the global lead in agtech innovation, while also cultivating our world-class talent in aerospace and automotive manufacturing, financial services, food solutions, logistics and more.
With its strategic location, globally connected infrastructure, economic diversity, competitive business and labor costs, highly-skilled talent and a statewide commitment to attracting companies and investment, Missouri is a place where companies come to grow and thrive.
Check out more of what Missouri has to offer, and get in touch to learn why Missouri is the best place for your business.