Site Selection Magazine ranked Missouri first in the North West Central Region for the 2013 Governor’s Cup awards, Gov. Jay Nixon announced. More than 125 businesses either expanded their facilities or opened new facilities in the Show-Me State in 2013, an increase of 57 expansions over the previous year.
“This first place ranking demonstrates that Missouri’s low taxes, trained workforce and excellent quality of life continue to make the Show-Me State a top destination for growing companies,” said Gov. Nixon. “To continue this economic momentum, we must hold the line on taxes and avoid the reckless fiscal experiments that are dragging other states and their economies down.”
The North West Central Region includes Missouri, Nebraska, Kansas, Iowa, Minnesota, and North and South Dakota. Nebraska was Missouri’s runner up with 109 businesses announcing expansions in 2013, and Kansas came in third with 106 expansions.
Last year, employment in Missouri grew faster than its neighboring states of Kansas, Tennessee, Oklahoma, Kentucky, Illinois, Nebraska and Arkansas, and Missouri has been the fastest-growing state in the nation for technology job growth for two years running. Missouri has also led the rebirth of the American auto industry and attracted historic investments in biosciences, information technology, and advanced manufacturing throughout state.
Already in 2014, Missouri has attracted numerous investments from expanding manufacturing companies, including 3M in Nevada; Janesville Acoustics in Warrensburg; Robinson Laser in Pomona; North American Tank in Ozark; Select Plastics in Scott City; GAF Roofing in Moberly; and LMV Automotive in Liberty.
Meanwhile, Missouri’s robust technology industry and large pool of highly-skilled workers continue to attract investments from growing companies. Recent significant expansions in Missouri by high-tech companies – including Netelligent in Chesterfield; Catalent Pharma Solutions in Kansas City; Cerner Corporation in Kansas City; Nanova Biomaterials in Columbia; Cofactor Genomics in St. Louis; and Monsanto in St. Louis – have strengthened Missouri’s position as a technology powerhouse.
Last year, Ford announced that it would create 2,000 new jobs as part of a $1.1 billion investment for a major expansion of its Kansas City assembly plant that included an upgrade of the facility’s body shop, paint shop and final assembly; construction of a new, integrated Stamping Plant; and a third crew of F-150 production. Earlier this week, Gov. Jay Nixon joined Ford Motor Company executives, UAW leaders and local autoworkers to celebrate the first all-new Ford Transit van to roll off the line at the Kansas City Assembly Plant in Claycomo.
According to the Congressional Quarterly’s State Rankings 2013, Missouri has the 6th lowest per capita taxes in the nation. In addition, a report from the Center for Business and Economic Research at Ball State University shows Missouri as one of only five states to receive an ‘A’ grade for its tax climate and economic diversity, and the only state among its neighbors to receive the top score in these areas.