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.
The first of SBJ's forums detailing Economic Growth Survey results is held.
Scott Shotts, partner with Missouri Spirits, says when they started in 2011 there were approximately 300 distilleries in the U.S. and now there are more than 3,000 so competition has grown significantly. Diversification of their business model has helped them succeed.
Matthew Blystone of Theta Float Spa had the financial means to start the unique business, but used crowdsourcing for pre-orders to determine market interest in addition to gathering a nice cash reserve before opening.
Avery Parrish with the Springfield Regional Arts Council explains how businesses can display local art in their spaces for a fraction of the price of investing in a permanent collection. The corporate partnership program allows a business to select from a customized portfolio of local artists' work curated based on the company's mission and aesthetic that can be switched out every six or 12 months.
After a year of experiential market research, Danny Collins, 37 North founder and guide, found three ways they plan to expand. Some were anticipated and others were not expected until they …
Inspirational speaker Chad Porter shares his story of turning a tragic accident that took him to the darkest depths into a rewarding career as a motivational speaker and business coach.
"For me success is...a little bit fleeting. Today's success and goal achieved only lasts about that long," says Curtis Millsap, owner of Millsap Farms. Look beyond the day-to-day financial achievements to the long-term victories.
Danny Collins, 37 North founder and guide, took his experience as an expedition manager for National Geographic Unique Lodge of the World in Ecuador to start his Ozarks based outdoor activity company. Since launching the company, he has relied on post-trip evaluations and prospective customer input to guide the course.
Jennifer Rothschild, author and speaker, says, "With the blessing of the success that we've experienced came something I did not expect, which was the need to lead. And, I am a reluctant leader." She realized that her ministry was managed very well, but the ministry's most valuable asset, the people, were not being led well. She gives you three choices she had to make as a reluctant leader. Jennifer Rothschild was one of nine leaders who presented at the 2018 Springfield Business Journal's 90 Ideas in 90 Minutes.
Miles Boyer, Office Manager for the Southern Region of the Builders’ Association, recognizes they are competing for their members' time. That means doing new and different thing are of value to guarantee that their members will participate in classes and events.
Ömer Önder, owner of Springfield Diner, learns the results of a customer survey conducted by Longitude LLC. Dustin Myers and Jeremy Wells, owners of the branding agency, inform Ömer that his customers are looking for a shift in his menu offerings. Made to Order is an ongoing sbjLive documentary series in collaboration with Springfield Business Journal tracking the rebranding of a local restaurant. See ongoing coverage at: sbj.net/madetoorder