Missouri’s manufacturing industry is holding steady with its grades from 2016 to 2017, according to Conexus Indiana’s annual state-by-state manufacturing report card.
Conexus Indiana is a private sector initiative focused on the manufacturing and logistics sectors of the economy. Its manufacturing and logistics report card is produced each year with the help of the Center for Business and Economic Research. The report card ranks each state on manufacturing industry health, logistics industry health, human capital, worker benefit costs, tax climate, expected fiscal liability gap, global reach, sector diversification, and productivity and innovation—all issues of importance for manufacturing site selection professionals.
Here’s how Missouri stacked up for 2017:
- Manufacturing industry health: C
- Logistics industry health: C+
- Human capital: C
- Worker benefit costs: B+
- Tax climate: A
- Expected fiscal liability gap: B
- Global reach: C
- Sector diversification: A
- Productivity and innovation: B-
While these grades are pretty solid overall, Gov. Eric Greitens’ efforts to make Missouri a more business-friendly state could help even more. In fact, it may already be paying off, as Nucor Corp. and Sumangala Steel are considering Missouri as a site for future steel mills and Seyers Industries announced plans to expand its manufacturing plant in St. Peters, Missouri, creating 125 new jobs over the next five years.
