Business Today
Although many areas of the country suffered major layoffs in 2002, the Cape Girardeau area remained fairly protected, largely due to the diversity of employers in the region.
Cape Girardeau County carries one of the lowest unemployment rates in Missouri -- hovering between 3 and 5 percent unemployed. In December 2002, the county had a 3.6 percent rate, below both the national and state averages of 5.7 and 4.8 percent.
One cause for this low rate is that about 65 new businesses open each year in the county.
"The whole region hasn't suffered as much as others," said Ron Steele, economic development planner with the Southeast Missouri Regional Planning Commission. "I think it's the diversity of the economy here."
John Mehner, president of the Cape Girardeau Chamber of Commerce, said a good variety makes for a good economic makeup.
"Insulated is not immune, but it is not the flip side of that either," Mehner said. "There is diversity in what we have, so we are not dependent on one industry. Yes, we have some major industrial employers, but we are not solely dependent on the automotive, barge or agriculture industries."
The county's retail and wholesale operations provide more than 9,900 jobs, and about 4,050 employees are government workers. The county's 16 major manufacturers employ more than 6,100 workers.
Proctor & Gamble, located north of Cape Girardeau, has a workforce of about 1,400 employees. Rubbermaid Closet Organization Products in Jackson employs about 1,500 people.
Other large employers are Thorngate Ltd., The Lutheran Home/Saxony Village, Concord Publishing/Southeast Missourian, ACF Industries, Penzel Construction Co., Dana Corp., Havco Wood Products, Horizon Music Manufacturing, Lone Star Industries and Rapco Industries.
Southeast Missouri State University employs about 1,600 people and the Cape Girardeau Public Schools System employs about 615.
Besides having centers for higher education, Cape Girardeau County is a regional leader in health care jobs. More than 3,000 people work at the county's two hospitals, Southeast Missouri Hospital and St. Francis Regional Medical Center.
The area's variety of retail and service jobs are also part of the mix. And the area offers manufacturers easy access to river, rail, interstate and air transportation.
A good work ethic is what Ken Parrett believes is key to the region's success. Parrett is executive director of the Jackson Chamber of Commerce.
"People here work steady jobs," he said. "They are not afraid to take what they may consider as 'under' employment in order to keep from being unemployed. They would prefer to do that than be without a job. Whereas in bigger cities, like St. Louis or Kansas City, they may feel it's beneath them to flip burgers in order to feed their family."
Parrett also cited career training courses offered by local high schools and Southeast Missouri State University designed to help new workers move into to the workforce.
"We have a better economy in the area and a better cost of living that keeps people here," Parrett said. "It's a good climate for employers to set up and locate. There's just an abundance of opportunity here. All people have to do is take it, and the majority have."
Major local manufacturing companies employing more than 100 workers
Product or service and number of employees
ARI
parts for railroad cars
200
BioKyowa
feed supplement: L-lysine
110
Blair Industries
specialty die cutting, video cassette albums
140
Ceramo Co.
red clay flower pots
140
Dana Corp.
axle carriers and cases
350
D.W. Tool, Wahlco Inc.
precision parts and vacuum molds
285
General Sign Co.
signs
110
Havco Wood Products
laminated oak flooring for truck trailers
300
Horizon Music Manufacturing Co.
audio cables and accessories
130
Lone Star Industries
portland cement and masonry
198
Newell Rubbermaid
closet organizer accessories
910
Nordenia USA
flexible film packaging
310
Procter & Gamble Paper Products Co.
disposable diapers, paper towels, bath tissue
1,400
RAPCO International
audio cable and harnesses
137
Spartech Plastics
extruded plastic sheets
300
Thorngate
sportswear
530
VIP/Heartland Industries
sheltered workshop: custom packaging, plastic hangers
386
--
Non-manufacturing companies employing more than 100 workers
Product or service and number of employees
Alliance BlueCross BlueShield
insurance customer service center
280
AmerenUE
utility company
114
Bank of America
bank
110
Cape Girardeau Public Schools
public schools
600
Chateau Girardeau
retirement home
180
City of Cape Girardeau
city government
632
City of Jackson
city government
106
D & K Healthcare Resources
pharmaceutical distribution
108
Dannie Gilder Inc.
trucking
150
Delta Express Inc.
trucking
180
Do-It Best Corp.
hardware, building materials
137
Fru-Con Construction
construction, engineering
190
JCPenney
retail department store
210
Jackson R-2 Schools
public schools
574
Jerry Lipps Trucking
truck transportation
127
Lowe's
home improvement center
109
Lutheran Home/Saxony Village
assisted living
450
Missouri Veterans Home
nursing care facility
150
Penzel Construction Co.
general contractor
150
Plaza Tire Service
retail and service
160
Rhodes Oil Co.
gasoline/fuel oil
130
Saint Francis Medical Center
hospital
1,469
Schnucks
food and drug
180
Sears, Roebuck & Co.
retail
110
Southeast Missouri Hospital
hospital
1,533
Southeast Missouri State University
4-year university
1,600
Southeast Missourian/Concord Publishing
newspaper and commercial printing
175
Southwestern Bell Telephone
telephone service
400
U.S. Postal Service
post office
221
Wal-Mart SuperCenter
retail
450
Wolsey Investigative Services
security, investigation
105
Area unemployment rates (March 2003)
County percentage
Cape Girardeau 3.6
Bollinger 5.7
Perry 2.9
Scott 5.2
Stoddard 6.7
Mississippi 7.9
Ste. Genevieve 4.8
Madison 8.1
New Madrid 9.9
Wayne 12.2
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