Missouri’s economy had an amazing year in 2019. Missouri saw 50+ major expansions, creating more than 2,300 new jobs, and totaling more than $929 million investment across the state. Companies that expanded in 2019 include Nestle Purina, SwipeSum, Vital Farms and many more.
“From economic and workforce development to rebuilding our state’s infrastructure, 2019 has been an exciting year for Missouri,” said Missouri Governor Mike Parson. “We’ve had some big wins worth celebrating and have shown what major progress we can make by working together for the people of Missouri. We are proud of all that we’ve accomplished in 2019 and look forward to another successful year in 2020.”
Missouri also saw huge investment from automotive manufacturers in 2019, including a $62 million investment from Toyota, and a $1 billion investment from General Motors. Additionally, Missouri was also selected as the new home for the USDA’s Economic Research Service (ERS) and National Institute of Food and Agriculture Policy (NIFA) agencies. The move located the agencies closer to constituencies and brought more than 500 jobs to the Kansas City region.
Additionally, Boeing secured a $16 billion contract to build the T-7A Red Hawk in St. Louis; Bayer announced it will bring 500 new jobs to Creve Coeur; and agriculture giant Bunge announced the relocation of its global headquarters from New York to the St. Louis metropolitan area.
With 2019, and the decade, in the rear-view, Missouri’s economy looks primed for success and growth in 2020. The coming year will see Missouri continuing to lead the world in agtech innovation, while also cultivating our world-class talent in aerospace and automotive manufacturing, financial services, logistics, energy solutions and more. And with Missouri’s corporate income tax rate will drop to 4 percent to start 2020 there has never been a better time to grow your business in the Show-Me state.
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