Show-Me State Times

Workforce challenges are a pressing issue for Missouri's business community, as highlighted in a new report titled "Workforce2030: A Continued Call to Action" by the Missouri Chamber Foundation. This report follows the initial Workforce2030 study from 2018 and is part of the broader Missouri 2030 strategic plan aimed at enhancing the state's economic competitiveness.

Kara Corches, interim president and CEO of the Missouri Chamber of Commerce and Industry, emphasized the importance of workforce quality for business success. "In the coming years, the most successful businesses will locate themselves in states and communities where they have access to a top-quality workforce," she stated. "We want to make sure Missouri is that place, and we need a strong strategy to do so."

The report was developed through research conducted by Economic Leadership LLC, which included labor market data analysis and interviews with education leaders, policymakers, and employers across Missouri. It also presents best practices from other regions.

A significant concern identified in the report is slow population growth, posing a threat to Missouri's economy. The state's population is projected to increase by only 2.9 percent between 2023 and 2033, ranking near last among neighboring states. Additional issues include declining labor force participation and a skills gap between job requirements and worker capabilities. Less than one-third of business leaders believe high school graduates are adequately prepared for employment.

Despite these obstacles, there has been progress since the first Workforce2030 report. Initiatives such as expanded apprenticeships, the Credential Training Program for skill enhancement, and improved career awareness efforts have been implemented.

The updated report outlines six focus areas for further workforce improvement:

- Improve workforce readiness

- Increase labor force participation

- Expand career awareness efforts

- Connect youth and underskilled workers with work experience

- Attract and retain more talent

- Strengthen Missouri’s public workforce system

Corches noted that no single solution exists for addressing all workforce challenges but expressed hope that this report would guide collaboration among stakeholders. “This report should serve as a roadmap for employers, educators, policymakers and workforce development leaders to build on our state’s strengths and improve on its weaknesses," she said. "By working together, we can create more opportunities for all Missourians.”