The Missouri Chamber of Commerce and Industry today endorsed Mike Parson for Governor highlighting his hard work and dedication to policies that have led to new jobs and booming economic growth that are paying dividends for Missouri job creators and their employees.
“Gov. Mike Parson is truly a champion for Missouri. He came into office during a turbulent time and brought stability to our state. Under his leadership, Missouri’s economy is growing and we are headed in the right direction,” said Daniel P. Mehan, president and CEO of the Missouri Chamber of Commerce and Industry. “As governor, Mike Parson has kept Missouri laser-focused on the issues that matter most to our future. He has advocated for innovative programs to better prepare our state’s workforce, leading to this year’s creation of the Fast Track and One Start programs. He also led the charge on passing a plan to begin repairing our state’s vital transportation infrastructure without raising taxes. He has been an outstanding leader for Missouri and I encourage voters to keep Mike Parson working hard for Missouri as our governor.”
“Every day we are rolling up our sleeves and doing the hard work to ensure Missouri business owners and their employees have the opportunity to thrive in our booming state economy,” Governor Parson said. “Prioritizing workforce development and infrastructure initiatives is making a positive difference in all corners of our state. In just a little over year, 40,000 new Missouri jobs have been created, workers are experiencing higher wages and unemployment is at record lows. All of this means new opportunities for Missouri business owners and their employees. I am grateful for the endorsement of the Missouri Chamber, which has been a great partner in supporting policies that help strengthen our economy so our business owners can succeed, grow and create new job opportunities for Missourians.”
Missouri’s Booming Economy: By the Numbers
Jobs and Record Low Unemployment
Since Governor Parson took office nearly 40,000 new jobs have been created and more opportunities for Missourians.1
Record lows in unemployment, Our state’s seasonally adjusted unemployment rate was 3.2 percent in August.2
There have never been more Black3 and Hispanic Americans4 in our state’s workforce. Missouri’s unemployment rate for African Americans was 16.9 percent and 13.9 percent for Hispanics in 2009. In less than a decade, those unemployment rates have dropped to 5.9 percent and 5.6 percent respectfully in Missouri.
Wage and Income Growth
Wages are on the rise in Missouri for hardworking Missouri individuals and families.
Recently Missouri was named the top small business wage growth state in the nation5 and Missouri incomes rose 5 percent over the past year.6
More Missourians are keeping their hard-earned money because Governor Parson signed an income tax cut – the largest in Missouri’s history.
Missourians have seen an increase in take-home pay in part because Republican-led tax cuts are having a positive impact on local economies. Sales and use tax revenue increased 6.5 percent7 since last year. That means more money going into small businesses that drive job growth.
Since Governor Parson took office companies have committed to investing nearly $3 billion in Missouri.
Missouri’s9 manufacturing exports total over $7.3 billion with Missouri-built products reaching more than 210 countries each year. In 2018, more than 270,000 workers were employed in manufacturing careers in Missouri.
Revenue and Savings
Missouri’s September 2019 General Revenue report, showing that net general revenue increased 2.5 percent from September 2018. Net general revenue collections for 2020 fiscal year-to-date increased 6.5 percent compared to last year. Under Governor Parson’s leadership, for the first time in a decade, state government saved over 100 million on the bottom line of Missouri’s budget.
Governor Parson is also working hard to ensure more Missourians have the opportunity to gain the quality education and training they need to fill high-demand jobs across the state. He knows a college degree is not the right career path for everyone and has worked to pass a worker retraining program. Governor Parson said he will continue to reach across the aisle and work with all interested parties to keep Missouri focused on providing educational opportunities for all Missourians to succeed in their chosen career path.
In addition, Governor Parson secured a new infrastructure initiative to improve Missouri’s crumbling infrastructure without a tax increase. Missouri’s hundreds of bridges, thousands of road and highway miles; riverports; airports; and even broadband access are getting the attention needed to showcase to job creators Missouri is serious about making vital investments to secure more opportunities for Missourians.
For more information go to MikeParson.com, @MikeParson on Twitter and @TeamMikeParson on Facebook.