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NEWS & EVENTS

MAEDC Newsletter | Sept. 18, 2023


Randy and Kaylee have been on the road, visiting businesses and industries over the past few weeks as part of our Fall Business Retention and Expansion visits. Shari Schenewerk and Mitch Rademan, members of the Missouri Department of Economic Development Regional Engagement Team, have joined us at several stops, adding to the excitement. During these visits, they have gathered valuable insights into the current state of today's workforce.

As they conclude their visits, they will be compiling these valuable insights and reporting this information back to you. If you represent a business in Howard or Randolph County, we kindly request that you consider completing one of our surveys. We have both a comprehensive Business Survey and a request for employee ZIP codes, which will assist us in tracking commuting patterns. Our goal is to collect this valuable information from as many employers in Howard and Randolph Counties as possible.

Once we have received and organized the data, we will prepare a comprehensive report and share these insightful findings with you.


 

ON THE ROAD


Kaylee Paffrath, MBA, Director of Business Development at MAEDC and VP of Missouri Northeast, has been making waves in recent weeks! She showcased the City of Moberly's innovative approach to addressing the Housing Crisis at the Tri-State Development Summit held at C-SC in Quincy, IL. This summit, a testament to our robust regional economic partnership, took place at the Oakley-Lindsay Center. At the Annual Governor's Conference on Economic Development, we had an outstanding turnout earlier this month. Our local representatives from team Missouri Northeast actively participated in diverse breakout sessions, including discussions on The State of Manufacturing, Workforce Housing, The Economic Opportunities (and Challenges) of Sustainability, and more! Excited to bring these insights back to our region. Learn more at www.missourinortheast.com.


 

UNIVERSITY OF MISSOURI EXTENSION | PAGE 1

The Missouri Manufacturing Indicators is a bi-monthly brief that uses several surveys to highlight recent manufacturing economic activity. Highlights for the September 2023 brief include:

  • The Missouri manufacturing sector employed 284,900 people in August 2023 after a loss of 6,500 jobs from a month earlier. This steep decline, after months of slowing job growth, could be a temporary blip but bears watching over the next few months.

  • The August 2023 Missouri purchasing management index sent mixed signals regarding future output. The overall index indicated that manufacturers expect output to stay slightly elevated over the next few months, while a lower new orders sub-index signaled a slowdown in future production.

  • The Mid-America price index, for Missouri and most surrounding states, indicates that wholesale price inflation remains an issue for regional manufacturers heading into the fall of 2023.

  • Missouri manufacturing hourly earnings advanced by 8.5% from a year earlier, based on a three-month moving average ending in August. This growth rate surpassed annual consumer inflation of 3.4%.

 

JOIN US FOR BUSINESS BITES

Exporting 101 Are you curious about the world of exporting and its potential impact on your business growth? This session is tailor-made for you. Tue, October 10th at 11:30 am


Human Resources

Facing challenges in talent acquisition and retention? Don't miss our insightful discussion.

Tue, November 14th at 11:30 am


 


Vendors Needed!

Do you have a unique product to sell? Join the Fayette Chamber of Commerce for Homecoming Fest on October 28, 2028.

This will be a fun filled day of shopping, food and other fun activities to celebrate Homecoming!

Interested vendors should reach out to fayettemochamber@gmail.com for more information.



 

OVER THE EDGE


We sent Kaylee Paffrath OVER THE EDGE in support of the Moberly Area Chamber of Commerce during Junk Junktion Weekend 2023. By taking on the role of 'edger,' we contributed to the Chamber's efforts to enhance their capacity for hosting exceptional events and creating memorable experiences in the Moberly area. The Moberly Area Chamber of Commerce is dedicated to advancing the long-term prosperity of Randolph County and its surrounding regions. The Chamber tirelessly strives to introduce top-notch events and activities to our community, enriching the lives of our residents. This year's Over The Edge event was yet another opportunity for the Moberly Chamber to further its Community Development initiatives. Together, we're making a positive impact on our local area.


 

Mark Twain Regional Review: September 2023

Take a look inside:

  • Transportation Information

  • MoDOT Northeast District High Priority Unfunded Needs

  • Mark Twain revolving Loan Fund (RLF)

  • Upcoming Events and more!

 

 

MoDOT's 2024-28 STIP

To support Federal and State investments in extending broadband infrastructure, the Missouri Department of Transportation (MoDOT) would like to share its 2024-2028 Statewide Transportation Improvement Program (STIP).

The STIP, prepared annually, sets forth the specific construction projects MoDOT will undertake in the next five years. It covers highways and bridges, transit, aviation, rail, waterways, bicycle, pedestrian, and operations and maintenance projects.



 

MISSOURI ECONOMIC DASHBOARD




 

Thank You Industrial Club Sponsors!


The collective efforts of our Industrial Club members have not only strengthened our organization but have also had a profound impact on the lives of countless individuals in our community. Together, we have been able to generate job opportunities, enhance workforce development, and foster an environment conducive to innovation and prosperity.


 

MOBERLY AREA ECONOMIC DEVELOPMENT CORPORATION IS THE ECONOMIC DEVELOPMENT PROVIDER FOR HOWARD COUNTY THROUGH A PARTNERSHIP WITH THE HOWARD COUNTY ECONOMIC DEVELOPMENT COUNCIL.

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