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Springfield, Missouri |
December 13, 2006 |
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MANUFACTURING &
LOGISTICS KEY CONTRIBUTORS
TO THE SPRINGFIELD ECONOMY |
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The
Springfield Area Chamber of Commerce and the City of Springfield
today released the results of an economic impact analysis of the
manufacturing and logistics (transportation and distribution)
sectors on the Springfield area. The study involved Springfield and
the surrounding
10-county region.
Development Strategies, Inc., a St. Louis-based consulting firm
conducted the research. The analysis is the result of a review of
standard economic statistics obtained through state and federal
sources, and a survey manufacturing and logistics
firms in the area.
The research reveals that area manufacturers contribute $18.6
billion to the metro economy while logistics contributes $14.3
billion.The number of direct jobs in manufacturing and
logistics make up 16.6 percent of all jobs in the region. In
addition, more than 90,000 jobs (full and part-time) can be attributed
directly or indirectly to manufacturing, while more than 98,900 jobs
are a result of the logistics presence in the area. |
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Annual Impact |
Total Jobs |
| Manufacturing |
$18.6 billion |
90,000 |
| Logistics |
$14.3 billion |
98,900 |
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The study also shows that manufacturers spend more
than $6.74 billion per year, while area logistics firms spend $5.2
billion per year. Not all of that money is
spent in the Springfield area, but based on the survey,
approximately 54 percent of all manufacturing operating expenditures and 89
percent of manufacturing payroll expenditures are paid
directly into the economy. For logistics those figures are 34
percent and 97 percent respectively. |
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To read the reports visit
www.business4springfield.com/publications |
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If you can not read
all of this email please visit this web address
www.business4springfield.com/news |
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