YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
They said it. We're reporting it. Sixteen industry forecasts lead the way into 2019.
Projection: The United States-Mexico-Canada Agreement, if ratified and functioning as intended, should be advantageous to the manufacturing industry.
Projection: Students are more deliberative and cautious in their selections of schooling. People will wait and see, because of uncertainty, which will lead to flat enrollments.
Projection: A lot of synergy is currently in place at the state government level that should continue fueling focus on workforce development as a high priority through the economic development and higher education departments’ initiatives.
Projection: Businesses will better leverage the data they collect. Artificial intelligence and machine learning will become more relevant than ever.
Projection: We’re seeing that side hustle, the gig economy. People are starting up that second job, that thing they really want to do, and it’s leading into full-time businesses.Projection:
Projection: Work is plentiful as Springfield grows, but funding needed for city projects to expand roadways remains in question.
Projection: As Springfield’s population becomes more diverse, following a national trend that “white” will be the minority by 2045, the community will value the inclusion of diversity by becoming more culturally conscious and compet
Projection: Donor fatigue continues to storm on nonprofits, calling for greater collaboration and more creative fundraising.
Projection: Missouri will make more strides in workforce development than it has the last two decades.
Projection: As the population ages, utilization of both outpatient services and inpatient care will continue to rise, as investment in telemedicine and virtual care will remain a key component in patient treatment.
Projection: An increasing interest rate environment will continue, as the economy remains fairly strong, and banks should continue to perform well from an income standpoint.
While most experts would agree that we’re not headed for a recession, we are headed for a market shift.Projection:
Projection: To combat low unemployment, businesses will have to connect with local universities to convince more graduates to stay in Springfield.
Projection: Work in the industrial and manufacturing sectors, along with student and multifamily housing, will pace the construction industry, while increasing competition will keep margins low.
Projection: Batteries will become more mainstream in storing renewable energy power, so even when the sun isn’t shining and the wind isn’t blowing, there will be less reliance on coal.
Projection: With nearly $1 billion in the pipeline for the Branson area in tourism-related projects, tourism is headed into another record year.
LeDoux’s Furniture and Whatnots opened on Commercial Street; Soapbox Studios LLC launched; and Day One Fitness LLC opened its first location.