See Where Missouri Ranks Among Forbes’ Best States for Business

By on December 3, 2018

From St. Louis Business Journal:  Missouri is a good place to do business, according to a new ranking from Forbes.

The Show Me State ranked No. 18 in Forbes’ 13th annual ranking of the best states for businesses, which was released earlier this week.

According to Forbes, the state’s growth in the science and biotechnology field, as well as its incentive offerings and economic development outreach, keeps it close to the top. Missouri ranks third overall in incentive offerings and economic development outreach, the ranking said.

Aerospace, food processing, chemicals, printing/publishing, electrical equipment and beer account for the largest sector’s of Missouri’s $321 billion gross state product, Forbes said.

The median household income in the state is $53,567 and it has a Moody’s bond rating of Aaa, the ranking said. Missouri has a 0.7 percent projected annual job growth, Forbes said. The median home price in Missouri is $168,500.

About 90 percent of the state’s population has a high school degree, while 29 percent have a college degree.

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