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Transforming Missouri's Economy: Building a Strong Workforce for Future Growth

Missouri aims to become a leader in the Midwest by focusing on economic and workforce development. The state plans to reorganize the Department of Economic Development and prioritize postsecondary education, infrastructure, and apprenticeship programs to create a skilled and diverse workforce.

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Transforming Missouri's Economy: Building a Strong Workforce for Future Growth

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  1. Missourians deserve to have the best performing economy in the Midwest.

  2. 14 out of 14 for GDP growth

  3. 9 out of 14 for job growth

  4. 8 out of 14 for wage growth

  5. Having a quality, readily available workforce is the most important factor in economic development today.

  6. The percentage of Missourians in the workforce is shrinking. Source: U.S. Bureau of Labor Statistics

  7. 7,000 new Missourians in 2016

  8. 26 was the average age of those who moved from another state, well below Missouri’s median which ranges from 38-39

  9. Net Exporter Net Importer bachelor’s degrees masters degrees professional degrees doctoral degrees less than a high school diplomahigh school diploma or equivalentsome college, but no degreeassociate degrees Missourians who leave the state are generally better educated than those who move here.

  10. Our adult population is less educated than the national average. Guidehouse: Report and Recommendations: Education, August 2018, citing the U.S. Census Bureau: 2012-2016 American Community Survey. Page 3.

  11. Missouri’s talent pipeline is leaky. Although Missouri is above the national average in high school graduation rates, we are below average on students making the transition into college and persisting through college.

  12. Other states are more effective with federal workforce funds. Average 6-month Wages (Average of PY 14 & PY 15)

  13. 12 out of 14 for labor productivity 1 6 8 14 11 13 4 12 5 10 9 2 3 7

  14. And the gap between Missouri and the U.S. is widening. Source: U.S. Bureau of Economic Analysis

  15. We have underperforming economic and workforce development policies, embedded within an underperforming economy.

  16. We spent the summer and fall talking with nearly 4,000 Missourians… 3,794 citizens reached

  17. …colleagues from around state government.

  18. So, here’s what we recommend.

  19. Conceptual Framework

  20. Using the resources we have, we want to build something entirely new.

  21. Transform the Department of Economic DevelopmentDesign a state agency that has the structure and strategy to compete with the leading states in the nation. DED will be regionally targeted, laser focused, customer centric, and data driven. Governor Parson’s Executive Order 19-03 reorganizes DED and creates an economic development strategy for the next generation, built around workforce development and infrastructure.

  22. Best in Midwest – The new DED will be:

  23. Workforce Priorities

  24. Department of Postsecondary Education & OpportunityDesign a state agency focused on helping Missourians prepare for good jobs and productive lives through postsecondary education, short-term training, and one-on-one support. Governor Parson’s Executive Order 19-03 would bring the Department of Higher Education together with the Division of Workforce Development and the Missouri Economic Research & Information Center.

  25. MoExcelsProvide infrastructure funding for public colleges and universities to create or expand high-demand workforce programs and educational attainment at scale. This will require a series of appropriation requests over multiple years. Governor Parson recommended $16.3 million for 18 projects around the state.

  26. Fast TrackCreate a financial aid program that helps adults get training and participate meaningfully in the workforce. Governor Parson recommended $22.2 million for the new program. Legislation is moving through the General Assembly – HB 225 (Swan) and SB 16 (Romine).

  27. Missouri OneStartMake our business expansion, retention, and attraction job training incentives more effective through statutory changes and a budget request that will improve the flexibility of our existing programs and provide training resources for colleges. Legislation is moving through the General Assembly – HB 496 (Grier) and SB 184 (Wallingford).

  28. Office of ApprenticeshipsIncrease the number of Missourians participating in apprenticeship programs statewide and provide interagency coordination on all apprenticeship programs. This will provide better stewardship of taxpayer dollars by reducing duplication and redundancy of programming.

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