Bootheel Region Study
Central Region Study
Kansas City Region Study
Lake Ozark-Rolla Region Study
Lower East central - Cape Region Study
Northeast Region Study
Northwest Region Study
Southwest Region Study
St. Louis City Study
St. Louis Metro Region Study
Springfield Region Study



Target Missouri II:


The Springfield Region
Executive Summary


Six analysis tools are used to determine which industries should be chosen for targeting in The Springfield Region. The first two tools, Specialization Ratios (SR) and the Regional Shift (RS) component of Shift-Share Analysis (SSA), help to determine which industries might have a competitive advantage in a region. The third and most important tool, the Economic Impact (EI) analysis, helps to identify which industries will benefit the region most should they expand. The Skills-Mismatch Index (SMI) determines whether the skills of the available workforce in a region match the needed skills for a particular industry. The Industrial Mix (IM) component of SSA helps to identify emerging industries. Finally, the Current Employment (CE) level of a regional industry helps to determine whether needed infrastructure is in place to attract particular industries and is an important factor when considering SRs.

Industries are awarded points on a scale of 0 to 100 based on whether they meet necessary criteria in these six categories. Those industries that score the highest are recommended for targeting. The table on the following page displays the categories and the point value an industry receives if it performs well in a specific category. If an industry does not meet the condition for that category, no points are awarded. An industry that scores well in each of the categories receives a score of 100 points, while those industries that perform poorly receive 0 points. Industries that score 50 or more points are those recommended for targeting.

Category Point Value
Condition 1: High Economic Impact 40
Condition 2: High Specialization Ratio 20
Condition 3: Strong Regional Shift 20
Condition 4: Low Skills-Mismatch 10
Condition 5: Positive Industrial Mix & Regional Shift 5
Condition 6: High Current Employment 5
Total Points: 100

The tables that follow present those industries with scores of 50 or higher on the target scale for the Springfield Region. Surprisingly, no industries scored a perfect 100 points. However, 13 industries scored 90 or 95 points, including Communications (SIC 48), five manufacturing industries considered to be "High Tech", and several Food Processing industries. Twelve other industries scored at least 75 points. Taken together, these 25 industries can be considered as existing drivers of the Springfield Region economy. Of the 95 industries identified as possible targets in the Springfield Region, 45 scored the minimum 50 points.

Additional analysis reveals the potential for the economic success of certain modern industries in the Springfield Region. Life Sciences industries such as Industrial Chemicals (281, 286) and Drugs (SIC 283) scored 75 points on the Target Scale. This indicates the Springfield Region is ripe with potential for development of these industries, as well as other industries scoring between 50 and 75 points on the scale.

Further, the Springfield Region is famous for its tourist attractions, especially in and around the Branson area. While being an important driver of the economy in this region, tourism-related industries have relatively low economic impacts when compared to other industries. This explains why industries such as Hotels (70), Entertainment (79), and Retail Trade (58), score low or do not appear on the target industry list.

TM2 has provided a list of 95 industries that have the best potential for economic development in the Springfield Region. The original Target Missouri provided a list of only 29 target industries for the much larger southwest Region. Of these, only 21 appear on both lists, so in this case, the two studies have obtained somewhat different results. The expanded list generated by TM2 provides a list of industries that better fits the specifics of the Springfield Region, as well as providing rankings that shed some light on the relative importance of certain industries.

Springfield Region Target Industries
SIC Industry Total Score
351 Engines and turbines 95
356 General industrial machinery and equipment 95
365 Household audio and video equipment 95
367 Electronic components and accessories 95
201 Meat products 95
202 Dairy products 95
48 Communications 90
289 Miscellaneous chemical products 90
203 Preserved fruits and vegetables 90
204,207 Grain mill products and fats and oils 90
205 Bakery products 90
295,299 Miscellaneous petroleum and coal products 90
801-804 Offices of health practitioners 90
473,474,478 Miscellaneous transportation services 85
60 Depository institutions 85
64 Insurance agents, brokers, and services 85
50,51 Wholesale trade 85
371 Motor vehicles and equipment 80
252,253,259 Office and misc. furniture and fixtures 75
327 Concrete, gypsum, & plaster products 75
355 Special industry machinery 75
359 Industrial machinery, nec 75
272 Periodicals 75
45 Air Transportation 75
752-754 Automobile parking, repair, and services 75
281,286 Industrial chemicals 70
283 Drugs 70
352 Farm and garden machinery and equipment 70
208 Beverages 70
274 Miscellaneous publishing 70
308 Miscellaneous plastics products, nec 70
40 Railroad 70
735 Miscellaneous equipment rental and leasing 70
494-497,%493 Water and sanitation 65
63 Insurance carriers 65
344 Fabricated structural metal products 60
491,%493 Electric utilities 60
722,729 Personal services, nec 60
353 Construction and related machinery 55
362 Electrical industrial apparatus 55
366 Communications equipment 55
346 Metal forgings and stampings 55
358 Refrigeration and service industry machinery 55
231-238 Apparel 55
42 Trucking 55
70 Hotels and other lodging places 55
721,725 Laundry, cleaning, and shoe repair 55
723,724 Beauty and barber shops 55
726 Funeral service and crematories 55
769 Miscellaneous repair services 55
384 Medical equipment, instruments and supplies 50
287 Agricultural chemicals 50
372,376 Aerospace 50
373 Ship and boat building and repairing 50
374 Railroad equipment 50
375,379 Miscellaneous transportation equipment 50
348 Ordnance and ammunition 50
357 Computer and office equipment 50
381 Search and navigation equipment 50
382 Measuring and controlling devices 50
386 Photographic equipment and supplies 50
282 Plastics materials and synthetics 50
284 Soap, cleaners, and toilet goods 50
285 Paints and allied products 50
291 Petroleum refining 50
241 Logging 50
321-323 Glass and glass products 50
324 Hydraulic cement 50
331 Blast furnaces and basic steel products 50
332 Iron and steel foundries 50
333 Primary nonferrous smelting & refining 50
334,339 All other primary metals 50
335 Nonferrous rolling and drawing 50
341 Metal cans and shipping containers 50
342 Cutlery, hand tools, and hardware 50
343 Plumbing and nonelectric heating equipment 50
349 Miscellaneous fabricated metal products 50
363 Household appliances 50
364 Electric lighting and wiring equipment 50
369 Miscellaneous electrical equipment 50
387 Watches, clocks, and parts 50
206 Sugar and confectionery products 50
209 Miscellaneous food and kindred products 50
261-263 Pulp, paper, and paperboard mills 50
267 Converted paper products except containers 50
273 Books 50
301 Tires and inner tubes 50
302,305,306 Rubber products and plastic hose and footwear 50
10 Metal mining 50
12 Coal mining 50
58 Eating & Drinking 50
52-57,59 Rest of Retail 50
762 Electrical repair shops 50
805 Nursing and personal care facilities 50
801-809 Health services, nec 50

Life Science Industries
Information and Communications Technologies
Transportation Manufacturing
Other High Tech Manufacturing

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