Governor Parson releases report on the impact of military spending in Missouri

Governor Mike Parson announced today that the military spends approximately $18.2 billion in Missouri, accounting for more than $29 billion in economic activity.The study found that military spending contributes $11 billion to Missouri workers, and supports more than 180,000 jobs or about 7% of the state’s workforce. The $29 billion in economic activity equals about 9% of Missouri’s Gross State Product (GSP), which is the monetary value of all the goods and services produced in the state. The impacts are based on the latest available federal data from FY 2018. The Missouri Military Preparedness and Enhancement Commission (MMPEC) and its Office of the Military Advocate commissioned the study as a way to gage the success of state and local efforts to support Missouri’s military installations, defense agencies, and defense contractors, such as Boeing. MMPEC and the Department of Economic Development’s Office of the Military Advocate work proactively to support military installations, assist defense contractors, and help members of the military find work in Missouri upon leaving the service. These efforts help support Missouri’s economy and keep skilled workers in Missouri when they separate from the military.To view the report in full, visit military.ded.mo.gov/content/economic-impact-reports.

 

 

 

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