Manufacturing & logistics key contributors to the Springfield economy

Dec 13, 2006


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.

 

Annual Impact

Total Jobs

Manufacturing

$18.6 billion

90,000

Logistics

$14.3 billion

98,900


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.

To read the full reports visit the Economic Impact Analysis page under News & Publications.

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Springfield Business Development Corporation

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Springfield, Missouri 65806