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The
Springfield, Missouri Metropolitan Statistical Area (MSA) is comprised of Greene, Christian, Webster, Polk & Dallas counties and has a population of
over 420,000 people.
Springfield's area of economic influence
reaches 27 counties and 977,000 people.
Since 1990 the metro area's average annual growth
rate is 2.3%. |
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The
Springfield metro workforce has grown more than 18% in the past 10 years and in 2004 accounted for
more than one-third of Missouri's total job growth.
The area unemployment rate has been below
4.5% for over ten years.
Approximately 92% of all area
employers have fewer than 25 employees. |
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The health
care industry employs 30,000 people (15% of the total workforce) with a
$4.5 billion dollar annual economic impact.
Springfield's economic output (gross metro
product) doubled in the past decade--fastest growing in MO, top 50
in the US.
The manufacturing sector creates an
$18.6 billion economic impact each year and provides well-paying jobs for over
17,000 people in the area. |
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Annual retail sales in Springfield have been
over $3 billion and well over $6 billion for the metropolitan
area. The cost of
living in Springfield stays consistently 10% below the national average. 2.2 million visitors stay over night
in Springfield. |
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Springfield-Branson
National Airport (SGF) connects to 10 different cities with more than 30 daily flights.
Last year SGF was the 4th fastest growing
airport in the U.S. and the process to build a new terminal building is
underway.
Located in the center of the country,
Springfield is a transportation hub with numerous trucking terminals.
Logistics provides an annual economic impact of $14.3 billion to the
metro area.
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The
renaissance in downtown Springfield has transformed this historic
district into the heart of the Springfield region. Fine dining,
trendy retail, a lively art scene, entertainment venues, and an
explosion of loft apartments exist at every turn.
More than $250 million of private and public
money has gone into historic renovations, an 8,000 seat baseball
stadium--home to the AA Springfield Cardinals, a new convention center,
recreational ice rink, and plenty of park space. |
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Well-known
companies with large operations in Springfield include the following:
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