News

Springfield Ranks Among Top Cities for Cost of Doing Business

By: Rachael Snow | 4 years ago

Springfield, Missouri ranked the 8th best city for cost of doing business by Forbes in a listing released in August, demonstrating the strength and vitality of Missouri’s 3rd largest metro.

This ranking contributed to Springfield landing in the top 100 of Forbes list of Best Places for Business and Careers. To analyze which cities are the best, Forbes looked at the 200 largest metropolitan statistical areas in the U.S. and considered 12 metrics relating to job growth, costs of doing business and living, income growth over the past five years, education attainment, and projected economic growth through 2014.

The Springfield metro workforce has grown more than 8.5% over the last 4 years, while the unemployment rate is holding steady at 6.2%, well below the national average. Manufacturers are expanding posting job growth of 13% since the low point of the recession and Springfield’s three healthcare systems are expanding with construction projects totaling over $375M.
The compelte Forbes article can be found here.