Show-Me State Times

Missouri ranks 28th in manufacturing competitiveness, according to a report by the Missouri Chamber Foundation. The study titled "Making Missouri a Manufacturing Powerhouse" was released on December 19, 2024. It is part of the Missouri Chamber Foundation’s broader Missouri 2030 strategic plan aimed at boosting the state's economic standing globally.

Kara Corches, president and CEO of the Missouri Chamber of Commerce and Industry, expressed optimism about the state's manufacturing future. "Missouri’s heritage was built on making things, and I’m excited to see our state take the lead in bringing these opportunities back," she stated. Corches emphasized that for economic competitiveness to reach its peak, an environment conducive to business growth is essential.

Economic Leadership LLC conducted research using nearly 60 metrics to evaluate manufacturing competitiveness across all states. Missouri's ranking at 28th places it behind neighboring states like Tennessee, Kentucky, and Nebraska, which are among the top 15.

The report highlights manufacturing as vital to Missouri's economy, contributing $50 billion annually to GDP and employing 287,000 individuals. Since the Great Recession, there have been significant gains in manufacturing GDP and employment within the state.

Despite this progress, the report identifies areas needing improvement such as workforce development and infrastructure where Missouri ranks among the bottom 15 states. Seven recommendations are proposed: expanding workforce pipelines for manufacturing careers; providing incentives for capital investment; investing in infrastructure including transportation, broadband, and energy; supporting recruitment of new manufacturers; increasing exports; strengthening legal climate; and addressing public safety.

Corches urged collaboration among stakeholders: “In a time of great opportunity but also great competition, Missouri must establish a goal of moving from good to great,” she said. The report aims to guide employers, educators, policymakers, and economic leaders towards enhancing strengths while addressing weaknesses in order to position Missouri as a leading manufacturing state.

To access the full report details were provided.