Welcome to The Outlook. Below, sixteen industry forecasts lead the way into 2016.
2016 Projection The U.S. gross domestic product will increase by 2.5 percent, and the Fed will raise the prime rate to at least 4 percent.
Diversity: Cheryl Clay, NAACP Springfield
2016 Projection “If Springfield does not reverse its climbing poverty trend, we will continue to see crime numbers increase and the way of life as we know it change.”
2016 Projection Annual revenue will be flat from a better-than-expected 2015 and enough to match federal funding for a 4-1 return on investment.
2016 Projection Materials prices will remain flat and the region will continue its struggle to secure specialty tradesmen.
2016 Prediction Hillary Clinton will win the presidential race, barring a campaign collapse under the weight of mounting investigations and allegations.
2016 Projection “Springfield is poised to see a shift in national perception of this market.”
2016 Projection More consolidation and slow, steady growth of the industry.
2016 Projection Branson tourism will increase by 1.5 percent to set a new record.
2016 Projection Co-working spaces will continue to transform and enrich the entrepreneurial community.
2016 Projection With interest rates and construction costs edging up, home sales and prices should increase 5-10 percent.
2016 Projection A robust job market and, thanks to strategic partnerships, renewed interest in lagging industries.
Technology: Jason Klein, Logic Forte and the Association of Information Technology Professionals
2016 Projection Developers will build on cloud infrastructure to increase mobile connectivity, and 3-D printing will go mainstream.
2016 Projection Commercial insurance carriers will follow Centers for Medicare & Medicaid Services in adopting new payment models aimed at reducing costs by incentivizing coordination of patient care.
2016 Projection Several nonprofit leaders will resign with retirements on the horizon.
2016 Projection Emerging technology changes will dramatically affect the industry as manufacturers come together in a new way.
2016 Projection “I think the biggest challenge all of us will face in the next year will be maintaining enrollment growth.”
Springfield Business Journal’s 2023 Trusted Advisers event honors 20 businesspeople.