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Report Ranks St. Joseph in Top 10 for Economic Growth

A recent USA Today report puts St. Joseph in the top 10 fastest growing economies in the United States.
(ST. JOSEPH, Mo.) A recent USA Today report puts St. Joseph in the top 10 fastest growing economies in the United States.

St. Joseph came in at number 7 on the list. According to the study, St. Joseph's economy failed to match 2012's growth of 10 percent, but unemployment remained well below the national rate.

The study also noted that construction activity is expected to, "increase substantially in the next few years." It also stated wages are likely to steadily rise.

President and CEO of the St. Joseph Chamber of Commerce, R. Patt Lilly said he believes the community's diverse industries help sustain the area's economic growth.

"The way that St. Joseph differs itself from the other fast-growing economies is that we aren't tied strongly to just one industry," Lilly said. "While we are very proud to be a leader in the Animal Health Corridor, we also are fortunate to have a broad manufacturing sector in St. Joseph."

The rankings were based on the Conference of Mayors' most recent economic report and was produced in conjunction with forecasting company IHS Global Insight. To view the article, click here.

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