Location, location, location – the phrase is well known in real estate AND in economic development
Missouri is in an excellent geographic position with its location in the middle of the United States. This should be a huge advantage in economic development. We are rich in many transportation resources, including rivers, railways, highways, airports and river ports.
Within 500 miles of the state of Missouri are 43% of the U.S. population, 41% of purchasing power, and 44% of wholesale and manufacturing plants. However, our infrastructure has deteriorated. That’s why the Missouri legislature acted in the last session and passed the first fuel tax increase in decades. We have the seventh largest transportation system in the country and the increased revenues will help restore and improve our roads and bridges.
Locally, we have several positive transportation updates to note. The Center Junction interchange is nearing completion and is slated to open in November with its new diverge diamond design. Boardings are increasing again at the Cape Girardeau Regional Airport, and take-offs and landings are increasing dramatically with the addition of the University’s new flight training program. Port SEMO is continuing construction work on a $ 20 million loop allowing the Port to accommodate unit trains. And discussions continue on the possibility of container-barge transport in the future.
Transport remains a crucial issue for our region and our state