Welcome to The Outlook. Below, sixteen industry forecasts lead the way into 2016.
2016 Projection The U.S. gross domestic product will increase by 2.5 percent, and the Fed will raise the prime rate to at least 4 percent.
Diversity: Cheryl Clay, NAACP Springfield
2016 Projection “If Springfield does not reverse its climbing poverty trend, we will continue to see crime numbers increase and the way of life as we know it change.”
2016 Projection Annual revenue will be flat from a better-than-expected 2015 and enough to match federal funding for a 4-1 return on investment.
2016 Projection Materials prices will remain flat and the region will continue its struggle to secure specialty tradesmen.
2016 Prediction Hillary Clinton will win the presidential race, barring a campaign collapse under the weight of mounting investigations and allegations.
2016 Projection “Springfield is poised to see a shift in national perception of this market.”
2016 Projection More consolidation and slow, steady growth of the industry.
2016 Projection Branson tourism will increase by 1.5 percent to set a new record.
2016 Projection Co-working spaces will continue to transform and enrich the entrepreneurial community.
2016 Projection With interest rates and construction costs edging up, home sales and prices should increase 5-10 percent.
2016 Projection A robust job market and, thanks to strategic partnerships, renewed interest in lagging industries.
Technology: Jason Klein, Logic Forte and the Association of Information Technology Professionals
2016 Projection Developers will build on cloud infrastructure to increase mobile connectivity, and 3-D printing will go mainstream.
2016 Projection Commercial insurance carriers will follow Centers for Medicare & Medicaid Services in adopting new payment models aimed at reducing costs by incentivizing coordination of patient care.
2016 Projection Several nonprofit leaders will resign with retirements on the horizon.
2016 Projection Emerging technology changes will dramatically affect the industry as manufacturers come together in a new way.
2016 Projection “I think the biggest challenge all of us will face in the next year will be maintaining enrollment growth.”
SBJ survey data is used to analyze the flow of money.
Michael Smith and Chris Sawyer, COO and CEO of Next Level Solutions respectively, discuss how they keep their remote teams and offices in and out of country on the same page. Next Level Solutions was ranked #1 in the Springfield Business Journal's 2021 Dynamic Dozen.
John Oke-Thomas, architect and co-founder of minorities in business, responds to the accusation that minority businesses are only successful because of the priority they have received in lending. He says that if a business uses a loan well, it shows their worth.
Sandra Smart, a technology and commercialization specialist, shares tips for entrepreneurs who are ready to seek funding. Some of her tips apply broadly; some target technology industry businesses. Smart works with tech entrepreneurs and startups, and hosts training workshops through the Missouri SBDC at Missouri State University's efactory.
Hollie Elliott discusses common misconceptions about locating your business in a small town. She says that there are a lot of benefits that people may not consider.
Drawing on his own experience dynamically evolving his company and business model, Jim Meinsen discusses when and how you might need to draw on new technology. Jim and Debbie Meinsen are co-owners of TCI Graphics in Springfield.
John Oke-Thomas, longtime Springfield architect, discusses his philosophy on architecture. He says that future historians will be focused on the sustainability of our contemporary architecture.
Erin Hedlun, director of marketing and communications at Evangel University, says compassion is an important job skill. Hedlun says it is a component of what makes a leader.
Rachel Barks, owner of Artistree Pottery, talks about the concepting that went behind the aesthetic of the business.
Caleb Scott, coach and co-owner of Queen City Insane Asylum football team, says he had to sacrifice early on to make sure his team had places to play. With the business climate at the time, it wasn't easy.
Aaron York talks about the culture he fosters at Donco3 as the general superintendent. York says the key is to treat your business like family.