Springfield, MO

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2020 Economic Outlook

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They said it. We're reporting it. Fifteen industry forecasts lead the way into 2020.

Construction Outlook: Rick Quint

Projection: Even with the uncertainty of this election year, everybody’s boats will be pretty full throughout 2020 with a strong volume of construction projects.

Government Outlook: Billy Long

Projection: Legislative progress will slow in 2020 as lawmakers prepare for the November election.

Diversity & Inclusion Outlook: Marilyn Harris

Projection: Springfield will continue having events to encourage discussion. But at some point, talk has to turn into action.

Small Business Outlook: Jeff Schrag

Projection: Springfield’s small-business economy won’t experience significant growth in 2020, but it is a healthy place for a youthful workforce.

Health Care Outlook: Ron Prenger

Projection: Local focus will remain on community health efforts to stay educated and prepared for whatever comes next.

Banking Outlook: John Everett

Projection: Banking remains strong, but it must remain adaptive with new technology and prepare as the next recession looms.

Manufacturing Outlook: John Gentry

Projection: There will be softness and a wait-and-see attitude that could affect the economy and limit industry growth.

Branson/Tri-Lakes Outlook: Jonas Arjes

Projection: Branson will have its best year on record.

Nonprofit Outlook: Janet Dankert

Projection: Nonprofits will be challenged to bring in new donors for operational costs.

Economic Development Outlook: Mary Lilly Smith

Projection: Quality of place is going to become a big factor in economic development.

Restaurant Outlook: Michael Felts

Projection: Springfield’s food scene will shift in 2020 as big-name restaurants change ownership or close their doors.

Technology Outlook: Thomas Douglas

Projection: The technology industry will see more focus on the health and utilization of data in the workplace in order to make faster and better decisions.

Retail Outlook: Summer Trottier

Projection: The shopping local trend will continue to grow as online ordering from places like Etsy, thought to be synonymous with shopping small, is getting tired.

Law Outlook: John Pratt

Projection: Elder law, intellectual law, law related to the #MeToo movement, health care and cannabis, are going to occupy the profession.

Education Outlook: Carol Taylor

Projection: Schools will have to be innovative and adapt to the trends of growing acceptance of online education, the broadening of transnational education and filling in the skills gap.


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