They said it. We're reporting it. Sixteen industry forecasts lead the way into 2019.
Projection: The United States-Mexico-Canada Agreement, if ratified and functioning as intended, should be advantageous to the manufacturing industry.
Projection: Students are more deliberative and cautious in their selections of schooling. People will wait and see, because of uncertainty, which will lead to flat enrollments.
Projection: A lot of synergy is currently in place at the state government level that should continue fueling focus on workforce development as a high priority through the economic development and higher education departments’ initiatives.
Projection: Businesses will better leverage the data they collect. Artificial intelligence and machine learning will become more relevant than ever.
Projection: We’re seeing that side hustle, the gig economy. People are starting up that second job, that thing they really want to do, and it’s leading into full-time businesses.Projection:
Projection: Work is plentiful as Springfield grows, but funding needed for city projects to expand roadways remains in question.
Projection: As Springfield’s population becomes more diverse, following a national trend that “white” will be the minority by 2045, the community will value the inclusion of diversity by becoming more culturally conscious and compet
Projection: Donor fatigue continues to storm on nonprofits, calling for greater collaboration and more creative fundraising.
Projection: Missouri will make more strides in workforce development than it has the last two decades.
Projection: As the population ages, utilization of both outpatient services and inpatient care will continue to rise, as investment in telemedicine and virtual care will remain a key component in patient treatment.
Projection: An increasing interest rate environment will continue, as the economy remains fairly strong, and banks should continue to perform well from an income standpoint.
While most experts would agree that we’re not headed for a recession, we are headed for a market shift.Projection:
Projection: To combat low unemployment, businesses will have to connect with local universities to convince more graduates to stay in Springfield.
Projection: Work in the industrial and manufacturing sectors, along with student and multifamily housing, will pace the construction industry, while increasing competition will keep margins low.
Projection: Batteries will become more mainstream in storing renewable energy power, so even when the sun isn’t shining and the wind isn’t blowing, there will be less reliance on coal.
Projection: With nearly $1 billion in the pipeline for the Branson area in tourism-related projects, tourism is headed into another record year.
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.