Let's Talk Business: Location is Critical to Economic Development

KRCU's Let's Talk Business

Location, location, location – the phrase is well-known in real estate AND in economic development Missouri is in a great geographic position with its location in the center of the United States. This should be a huge advantage in economic development. We are rich in many transportation resources including rivers, rail, highways, airports, and river ports. Within 500 miles of the state of Missouri is 43% of the U.S. population, 41% of buying power, and 44% of both wholesale trade and manufacturing plants. However, our infrastructure has been deteriorating. That is why the Missouri Legislature acted this past session and passed the first fuel tax increase in decades. We have the seventh largest transportation system in the nation and increased revenue will help restore and improve our roads and bridges. Locally, we have several positive transportation updates to note. The Center Junction interchange is nearing completion and should be open in November with its new diverging diamond