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 Lake Ozark - Rolla Region


Executive Summary

Six analysis tools are used to determine which industries should be chosen for targeting in the Lake Ozark - Rolla 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 Lake Ozark - Rolla Region. Three industries in the region scored a perfect score of 100 points: Metal Forgings and Stampings (SIC 346), Metalworking Machinery (SIC 345), and Refrigeration Machinery (SIC 358).

Seventeen industries scored 80 points or higher on the targeting scale, a relatively large number of industries compared to other regions in the state. Of these, thirteen are manufacturers. Of the manufacturers, three are considered Advanced Manufacturers: Engines & Turbines (SIC 351), Electric Distribution Equipment (SIC 361), and Electrical Industrial Apparatus (SIC 362). Two others are Life Science Industries: Industrial Chemicals (SICs 281 and 286), and Dairy Products (SIC 202). Their high scores indicate that these industries are already economic drivers for the Lake Ozark – Rolla Region. Further, the large number of high-scoring industries suggests that this region is an economic leader in Missouri. This finding is confirmed by the region’s high Economic Momentum score, ranked second behind the Springfield region.

Another 26 industries scored between 55 and 75 points on the target scale, suggesting the Lake Ozark - Rolla Regions is ripe for potential development in these industries. This list includes several Advanced Manufacturing firms in such areas as machinery, electronics, and boat building, one Life Science industry (Grains, Fats, & Oils, SICs 204 and 207), and the Computer and Data Processing industry (SIC 737) from the IT cluster.

An additional 67 industries scored 50 points on the target scale, suggesting these industries are good matches for the Lake Ozark - Rolla Region. This list includes nearly all remaining identified Advanced Manufacturing and Life Science industries.

This analysis reveals the high potential for the development of many modern industries in the Lake Ozark - Rolla Region. The presence of numerous Advanced Manufacturing industries high on the target list, coupled with Computer and Data Processing, is encouraging. The large number of target industries scoring exactly 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 100 industries that have the best potential for economic development in the Lake Ozark - Rolla Region. The original Target Missouri provided a list of only 23 target industries for this region. Of these, only 17 appear on both lists, so in this case, the two studies have obtained slightly different results. The expanded list generated by TM2 provides a list of industries that better fits the specifics of the Lake Ozark - Rolla Region, as well as providing rankings that shed some light on the relative importance of certain industries.

The map below shows the locations of only those industries scoring at least 80 points on the target scale, which are industries that are already drivers of the Lake Ozark - Rolla economy. Not surprisingly, manufacturing industries are clustered near cities, especially Rolla, Lebanon, and Camdenton. Additionally, many transportation related firms are found near the Lake of the Ozarks. In general, clustering of economic drivers in this region has occurred along the I-44 corridor and near the lake. Areas removed from transportation corridors, such as Dent County, have not enjoyed the same level of development.

Locations of High-Scoring Industries

Lake Ozark - Rolla Region Target Industries

SIC

Industry

Total Score

241

Logging

50

242

Sawmills and planing mills

55

243

Millwork, plywood, and structural members

55

244,249

Wood containers and misc. wood products

55

252,253,259

Office and misc. furniture and fixtures

95

321-323

Glass and glass products

50

324

Hydraulic cement

50

325,326,328,329

Stone, clay, and misc. mineral products

50

327

Concrete, gypsum, & plaster products

95

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

90

335

Nonferrous rolling and drawing

70

336

Nonferrous foundries

50

341

Metal cans and shipping containers

50

342

Cutlery, hand tools, and hardware

50

343

Plumbing and nonelectric heating equipment

50

345

Screw machine products, bolts, rivets, etc.

50

346

Metal forgings and stampings

100

347

Metal coating, engraving, and allied services

75

348

Ordnance and ammunition

50

349

Miscellaneous fabricated metal products

95

351

Engines and turbines

95

352

Farm and garden machinery and equipment

50

353

Construction and related machinery

75

354

Metalworking machinery and equipment

100

355

Special industry machinery

75

356

General industrial machinery and equipment

50

357

Computer and office equipment

50

358

Refrigeration and service industry machinery

100

359

Industrial machinery, nec

75

361

Electric distribution equipment

95

362

Electrical industrial apparatus

95

363

Household appliances

50

364

Electric lighting and wiring equipment

55

365

Household audio and video equipment

50

366

Communications equipment

50

367

Electronic components and accessories

70

369

Miscellaneous electrical equipment

50

371

Motor vehicles and equipment

50

372,376

Aerospace

50

373

Ship and boat building and repairing

75

374

Railroad equipment

50

375,379

Miscellaneous transportation equipment

70

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

393,395,396,399

Manufactured products, nec

55

202

Dairy products

90

203

Preserved fruits and vegetables

50

204,207

Grain mill products and fats and oils

70

205

Bakery products

50

206

Sugar and confectionery products

50

208

Beverages

70

209

Miscellaneous food and kindred products

50

21

Tobacco products

50

231-238

Apparel

55

261-263

Pulp, paper, and paperboard mills

50

265

Paperboard containers and boxes

50

267

Converted paper products except containers

50

271

Newspapers

55

272

Periodicals

50

274

Miscellaneous publishing

50

277

Greeting cards

50

278

Blankbooks and bookbinding

50

281,286

Industrial chemicals

95

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

50

291

Petroleum refining

50

295,299

Miscellaneous petroleum and coal products

50

301

Tires and inner tubes

50

302,305,306

Rubber products and plastic hose and footwear

50

308

Miscellaneous plastics products, nec

95

10

Metal mining

80

15-17

Construction

50

40

Railroad

90

45

Air Transportation

50

44

Water transportation

90

46

Pipelines, except natural gas

50

472

Passenger transportation arrangement

55

473,474,478

Miscellaneous transportation services

75

491,%493

Electric utilities

85

494-497,%493

Water and sanitation

65

52-57,59

Rest of Retail

50

751

Automotive rentals, without drivers

55

737

Computer and data processing services

65

791,799

Amusement and recreation services, nec

60

801-804

Offices of health practitioners

70

805

Nursing and personal care facilities

50

801-809

Health services, nec

50

833

Job training and related services

55

836

Residential care

60

Life Science Industries
Information and Communications Technologies
Advanced Manufacturing Industries