Show-Me State Times

The Technology2030 report indicates growth in Missouri's tech sector, yet experts caution against complacency. The landscape of innovation is shifting rapidly due to technology advancements, entrepreneurship, and federal investments. Missouri industries like agriculture and software development are already experiencing the effects of AI and other technologies.

Federal initiatives such as the CHIPS and Science Act and the Inflation Reduction Act have contributed to growth in sectors like bioscience and defense technology within Missouri. However, competition remains intense among states vying for major projects.

To capitalize on new opportunities, Missouri's tech sector must focus on full-spectrum innovation ecosystems. Companies should monitor public investment trends and consider strategic locations near industrial assets or research partnerships.

Entrepreneurship is on the rise nationally, with business applications remaining high since 2020. Many new ventures are lean, digital-first operations launched from homes or co-working spaces. Supporting these entrepreneurs through simplified regulations, access to capital, improved broadband infrastructure, and affordable workspaces is crucial for Missouri's competitiveness.

Missouri ranks as an affordable place to start a business with a growing network of innovation hubs and university partnerships. To remain competitive nationally, Missouri must embrace change, support entrepreneurship, and invest in people and infrastructure.

"Tech doesn’t just grow in gleaming towers; increasingly, it grows out of garages, basements and backyard startups."

"The question isn’t whether disruption is coming; it’s whether Missouri is prepared to turn it into opportunity."