MERIC NEWS LETTER

Entrepreneurs in Missouri

Entrepreneurs play a vital role in economic development as key contributors to technological innovation and new job growth. Entrepreneurs also help build local communities in ways such as providing jobs, conducting business locally, creating and participating in entrepreneurial networks, investing in community projects, and giving to local charities. In 2000 there were almost 170,000 full-time entrepreneurs in Missouri.  Entrepreneurs were spread throughout the state. However, the greatest concentrations of entrepreneurs were found in the north and southwest regions of Missouri.  The industry with the highest concentration of business owners statewide was Construction. This as well as more detailed regional, ethnic, and socioeconomic information about entrepreneurs in Missouri can be found on the new entrepreneurship database, Entrepreneurs in Missouri

The Entrepreneurs in Missouri project is a joint collaboration between the Missouri Economic Research and Information Center (MERIC) and the Office of Social and Economic Data Analysis at the University of Missouri (OSEDA). The project is a web-enabled database designed to provide information about entrepreneurship in Missouri including statistical information such as the number of entrepreneurs by region, income and education data, and breakdowns of small business ownership by race and industry. The website also provides national and local resource links for business owners. 

The map below is an example of information that can be generated by the site. It shows average income of full-time entrepreneurs by region for the state of Missouri. As the map indicates, business owners with the highest incomes tend to be located in suburban regions surrounding St. Louis, Kansas City, and Springfield. Entrepreneurs in the Poplar Bluff Area and Boone County also tend to earn a higher amount than the statewide average for entrepreneurs.

Statewide, the industries which have the highest earning potential for business owners include Professional and Technical Services; Information, Finance, and Real Estate; and Wholesale Trade. Detailed regional profiles of earnings of entrepreneurs can be found in the Entrepreneurs in Missouri database.

The Entrepreneurship Project was developed as an effort to inform Missourians about the characteristics of business owners in their communities. Information from the project can be used by workforce planners and economic developers who wish to promote entrepreneurship as well as by researchers, small business owners, and individuals who wish to identify and work with entrepreneurs. 

Visit the Entrepreneurs in Missouri project.

Visit the OSEDA website.

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