FULL LABOR REPORT LINKS
QUALITY WORKFORCE WITH THE SKILLS TO MEET TODAY’S BUSINESS NEEDS
Northeast Missouri’s workforce is comprised of diverse, multi-talented, skilled workers. The region boasts a highly qualified workforce of 86,384 workers. It is continuing to grow. Educational attainment of Northeast Missouri’s workforce is improving and is higher than the state and national average, which makes finding skilled, productive employees easier. In 2009, the high school graduation rate in Northeast Missouri was 93%, which exceeded the state’s average of 85%. Northeast Missouri’s top supported industries include manufacturing, healthcare, logistics and agribusiness. All these points make Northeast Missouri’s workforce a great asset for developing, growing, or relocating businesses.
MULTI-MODAL TRANSPORTATION NETWORK TO REACH THE GROWING GLOBAL MARKET
The northeast region is intersected by three four-lane highways. US Highways 63 and 61 (Avenue of the Saints) offer relatively uninterrupted traffic flow to the region and surrounding states. Interstate Highway 72/ US Highway 36 (Chicago to Kansas City expressway) is a smooth, safe alternate route from Chicago and points east to Kansas City and points west. Numerous regional airports dot the northeast region with regular commercial service from Kirksville Regional Airport, Quincy IL and Columbia MO. Rail passenger service is offered by Amtrak with east-west service daily in La Plata and twice daily service to Chicago from Quincy IL. Three Class I railroads serve the region with major shipping facilities in Macon, Moberly and Hannibal.
STRONG MANUFACTURING BASE EQUIPPED WITH TODAY’S SKILLS AND TECHNOLOGY
Missouri is one of the five best states for manufacturing and logistics, according to Ball State University’s 2009 Manufacturing Logistics Report Card. When assessed in the areas of human capital, benefits cost, global reach, productivity and innovation and tax climate Missouri ranks highly for tax climate, for manufacturing and human capital. Northeast Missouri offers these attributes and as a result technology-centered productive manufacturers are major employers in the northeast Missouri region.
FULL SPECTRUM OF AGRI-BUSINESSES FROM PRODUCTION TO BIOTECHNOLOGY
In northeast Missouri agri-business is as diverse as the people that live here. Our agri-businesses include those that produce the raw farm product, those that provide services to the producers and those that take a farm product and change it through processing. Local wineries, organic food producers, a University of Missouri research facility and a state of the art, locally-owned bio-refinery add to the uniqueness of our agri-businesses.
CENTRAL LOCATION WITHIN 500 MILES OF 45% OF THE US POPULATION AND 49% OF ALL US MANUFACTURING
Northeast Missouri offers locations well positioned to access both domestic and international markets and suppliers. It has numerous four-lane highways offering direct shipping routes to points in all directions. There are three Class I railroads serving the region. Scheduled air service is available at airports within one-hour’s drive or less. Barge facilities on the Mississippi and Missouri Rivers enable shipments by water to and from other ports throughout the world.
OFFERING LOW COST ENERGY AND COMPETITIVE WAGES POSITIVELY IMPACTING PROFITABILITY
In the 4th quarter of 2009, Missouri had the 9th lowest cost-of-living index in the United States at 91.2. Its housing index for that quarter was 80.6, the 8th lowest in the nation. In December 2009, the average industrial price for electricity was 4.69 cents per kilowatt hour, 5th lowest in the nation and the average retail price of electricity for all sectors was 6.45 cents per kilowatt hour, also the 5th lowest in the nation. In many counties of the northeast region, the cost of living index is even lower than the state average. Due to the lower cost-of-living, wages for all sectors tend to be at or below the national average, but productivity is consistently above the national average making wages very competitive.