Two cities in the Central Region were recently named among the top U.S. metros for manufacturing job growth according to a new study published by the U.S Bureau of Economic Analysis.
Columbia scored 64.6, ranking them at 75th. Jefferson City ranked 29th out of 312 for small, mid-size, and large metros across the nation, with a score of 75.7.
Other cities included St. Joseph, ranking at 74.6, and Kansas City, scoring at 42.2 and ranked 204th.
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To determine the locations where manufacturing is thriving, researchers calculated a composite score based on the following factors and weights:
- Manufacturing employment growth from 2010 to 2020
- Manufacturing GDP growth from 2010 to 2020
- Manufacturing share of total employment in 2020
- Manufacturing share of total GDP in 2020
In the event of a tie, the location with the greater manufacturing employment growth from 2010 to 2020 was ranked higher. To improve relevance, only metropolitan areas with at least 100,000 residents were included. Additionally, metros were grouped into cohorts based on population size.
With several Missouri metros topping the list, the state is one of the best locations in North America for manufacturing, supported by a cost-competitive, pro-business and innovative environment. Missouri’s exceptional talent pool is enhanced by extensive and customizable training programs, easy access to raw materials, and a globally connected logistics infrastructure that allows you to import needed additives and export your finished product.
Information provided by Missouri Partnership. Click here to read the full article…