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 Southwest Region

Executive Summary

Six analysis tools are used to determine which industries should be chosen for targeting in The southwest 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 southwest Region. Only one industry scored a perfect 100 points: Fabricated Structural Metal Products (SIC 344). However, eight others scored 95 points, including two Life Science industries: Dairy Products (SIC 202) and Grain Mill Products, Fats & Oils (SICs 204, 207). Eight more industries scored at least 80 points, including Motor Vehicles & Equipment (SIC 371). Together, these seventeen industries are already significant drivers of the southwest Region economy.

Another 24 industries scored between 55-75 points on the target scale, suggesting the southwest Regions is ripe for potential development in these industries. Included in this range are two Advanced Manufacturing industries: General Industrial Machinery (SIC 356) and Miscellaneous chemical products (SIC 289). The Computer and Data Processing Industry (SIC 737) is also included in this range.

An additional 60 industries scored 50 points on the target scale, suggesting these industries are good matches for the southwest Region. Of these, many are considered Advanced Manufacturing or Life Science industries, including Aerospace Manufacturing (SIC 376) and Drugs (SIC 283).

This analysis reveals the possibility for the development of many modern industries in the southwest Region. The presence of a few Life Science, Information Technology, and Advanced Manufacturing industries high on the target list is encouraging. The large number of advanced industries scoring 50 points suggests that the workforce may be a good match for these industries, but the infrastructure needed to support them needs development.

TM2 has provided a list of 101 industries that have the best potential for economic development in the southwest Region. The original Target Missouri provided a list of only 29 target industries for the southwest Region. Of these, only 20 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 southwest Region, as well as providing rankings that shed some light on the relative importance of certain industries.

Map 1 below shows the approximate current locations of those industries chosen for targeting in the southwest Region. In general, Manufacturing industries are clustered near Joplin, while Service and Construction firms are more evenly scattered across the region.

Map 1: southwest Target Industries

Map 2 further demonstrates the clustering effect around Joplin. Map 2 shows the locations of only those industries scoring at least 80 points on the target scale, or those industries that are already drivers of the southwest economy. Clearly, the southern portion of the region, particularly along the Interstate 44 corridor, is a key economic area.

Map 2: Locations of High-Scoring Industries

Southwest Region Target Industries
SIC Industry Total Score
241 Logging 50
251 Household furniture 55
254 Partitions and fixtures 70
252,253,259 Office and misc. furniture and fixtures 50
321-323 Glass and glass products 50
324 Hydraulic cement 50
325,326,328,329 Stone, clay, and misc. mineral products 70
327 Concrete, gypsum, & plaster products 95
331 Blast furnaces and basic steel products 90
332 Iron and steel foundries 90
333 Primary nonferrous smelting & refining 50
334,339 All other primary metals 50
335 Nonferrous rolling and drawing 90
336 Nonferrous foundries 55
341 Metal cans and shipping containers 70
342 Cutlery, hand tools, and hardware 50
343 Plumbing and nonelectric heating equipment 50
344 Fabricated structural metal products 100
345 Screw machine products, bolts, rivets, etc. 90
346 Metal forgings and stampings 55
347 Metal coating, engraving, and allied services 55
348 Ordnance and ammunition 50
349 Miscellaneous fabricated metal products 95
351 Engines and turbines 50
352 Farm and garden machinery and equipment 70
353 Construction and related machinery 50
355 Special industry machinery 50
356 General industrial machinery and equipment 75
357 Computer and office equipment 50
358 Refrigeration and service industry machinery 50
361 Electric distribution equipment 50
362 Electrical industrial apparatus 50
363 Household appliances 75
364 Electric lighting and wiring equipment 75
365 Household audio and video equipment 50
366 Communications equipment 50
367 Electronic components and accessories 50
369 Miscellaneous electrical equipment 75
371 Motor vehicles and equipment 80
372,376 Aerospace 50
373 Ship and boat building and repairing 50
374 Railroad equipment 50
375,379 Miscellaneous transportation equipment 50
381 Search and navigation equipment 50
382 Measuring and controlling devices 50
384 Medical equipment, instruments and supplies 50
385 Ophthalmic goods 50
386 Photographic equipment and supplies 50
387 Watches, clocks, and parts 50
394 Toys and sporting goods 60
201 Meat products 95
202 Dairy products 95
203 Preserved fruits and vegetables 90
204,207 Grain mill products and fats and oils 95
205 Bakery products 70
206 Sugar and confectionery products 50
208 Beverages 50
209 Miscellaneous food and kindred products 50
21 Tobacco products 50
221-224,226,228 Weaving, finishing, yarn, and thread mills 50
225 Knitting mills 50
227 Carpets and rugs 50
229 Miscellaneous textile goods 50
261-263 Pulp, paper, and paperboard mills 50
265 Paperboard containers and boxes 50
267 Converted paper products except containers 50
272 Periodicals 50
273 Books 50
281,286 Industrial chemicals 50
282 Plastics materials and synthetics 50
283 Drugs 50
284 Soap, cleaners, and toilet goods 50
285 Paints and allied products 50
287 Agricultural chemicals 50
289 Miscellaneous chemical products 70
291 Petroleum refining 50
295,299 Miscellaneous petroleum and coal products 95
301 Tires and inner tubes 50
302,305,306 Rubber products and plastic hose and footwear 50
308 Miscellaneous plastics products, nec 95
313,314 Footwear, except rubber and plastic 55
311,315-317,319 Luggage, handbags, and leather products, nec 50
10 Metal mining 50
12 Coal mining 50
14 Nonmetallic minerals, except fuels 50
15-17 Construction 50
40 Railroad 70
42 Trucking 95
45 Air Transportation 75
44 Water transportation 50
46 Pipelines, except natural gas 50
473,474,478 Miscellaneous transportation services 50
491,%493 Electric utilities 85
492,%493 Gas utilities 80
494-497,%493 Water and sanitation 65
751 Automotive rentals, without drivers 50
735 Miscellaneous equipment rental and leasing 75
736 Personnel supply services 60
737 Computer and data processing services 70
801-804 Offices of health practitioners 70
07 Agricultural services 60
Life Science Industries
Information and Communications Technologies
Advanced Manufacturing Industries