St. Louis Public Radio News
8:34 am
Mon September 21, 2009

Report: Missouri ranks low for economic development

St. Louis – A new national report gives Missouri low marks for job creation. The study from the Corporation for Enterprise Development, a think tank, ranks the 50 states and the District of Columbia in areas such as the ability to draw employers.

Missouri ranked near the bottom in business development. But the group's president Andrea Levere said the state provides strong support to small firms.

"So in the sense that it takes a while for policies to really result in measurable changes, I think the focus of the state in supporting the startup of small enterprises in the hopes that they grow to larger enterprises is a very, very important thing," Levere said.

Levere said Missouri also improved its home foreclosure rate from last year. But she said a relatively high percentage of low-cost mortgages could reverse that improvement next year.