St. Joseph is U.S.’ seventh-fastest growing metro area
St. Joseph had the seventh-fastest growing economy in the country, according to a recent U.S. Conference of Mayors report produced with forecasting company IHS Global Insight.
The Pony Express City had a gross metro product increase of 4.5 percent in 2013, with an unemployment rate of 5 percent and other indicators well above national norms. In contrast, the nation’s economy grew by just 1.9 percent and the unemployment rate was 7.3 percent in 2013.
The report goes on to note that the area is a major hub for agricultural sciences and animal health businesses, with construction activity expected to increase substantially in the next few years. The Northwest Missouri State University SBTDC, centrally located in the St. Joseph Chamber of Commerce and headed by Rebecca Evans, is helping new companies get started and existing businesses grow every day.
Most of the metro areas on the report’s list were energy boom towns in Texas, the Dakotas and Wyoming, subject to that industry’s caprices, booms and busts.
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