Missouri saw a net growth of 5 percent or 8,742 private sector employers in 2015 from 2014, according to a new study published by the Missouri Department of Economic Development (DED). During that same time, 18,342 new businesses formed in Missouri, a 5.7 percent increase compared to 2014.
“More and more companies and entrepreneurs are seeing the many benefits of starting or growing their business in Missouri,” said DED director Mike Downing. “Our low taxes, competitive business incentives, top-notch talent, access to resources and high quality of life make it the perfect location for businesses to thrive.”
According to the most recent US Census data, Missouri led the nation in new business formation. Missouri’s current private sector employer community consists of more than 182,000 establishments. In addition, household income for Missourians grew by 3.8 percent from 2014, the highest number since before the 2008 recession.
With its strategic location, globally connected infrastructure, economic diversity, competitive business and labor costs, highly-skilled and hard working talent and a statewide commitment to attracting companies and investment, Missouri is a place where companies come to grow and thrive.