Business and Economic Development
The business environment of Springfield is as diverse as they come, led by such industries as healthcare, manufacturing and retail. Healthcare has an annual economic impact of nearly $4.5 billion, manufacturing $18.6 billion and retail more than $4 billion ($6 billion in the MSA). Springfield is home to small, family owned businesses and large national and international corporations, including Kraft Foods, 3M, Bass Pro Shops (HQ), O’Reilly Auto Parts (HQ), JP Morgan Chase, T-Mobile, BKD, LLP (HQ), Jack Henry & Associates (HQ) and the Burlington Northern Santa Fe Railway.
Springfield continues to be a highly rated metropolitan area for businesses, entrepreneurs and employees.
Over the years the city and its surrounding MSA has garnered plenty of national recognition, earning regards as a top city for young professionals, entrepreneurs, businesses and careers by such reputed sources as Expansion Management, Inc. magazine, Forbes magazine, Entrepreneur magazine and the Milken Institute—to name a few.
Fostering continual economic development in the Springfield area are such entities as the Springfield Area Chamber of Commerce, the Springfield Business Development Corporation (SBDC), the Ozarks Regional Economic Partnership and the City of Springfield. Numerous incentives and financing programs, along with ample opportunities for workforce development, are readily available to businesses interested in relocation and/or expansion in the Springfield area.
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