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The new director will assume leadership of a department that is working aggressively to move Missouri’s economy forward. Missouri’s unemployment rate in November was 8.2 percent – its lowest level in 34 months and nearly half-a-point below the national average. The state has added 10,900 manufacturing jobs so far in 2011, and Missouri’s exports to other countries have increased by $1.2 billion this year, on top of a 35 percent increase in 2010.

Missouri also has been recognized nationally as a top state for business growth and development and fiscal management. In a study released earlier this year, the U.S. Chamber of Commerce recognized Missouri as a Top-10 State for Business, highlighting the state’s low taxes and attractive business climate. The American Legislative Exchange Council also pointed to Missouri as a Top-10 State for Economic Competitiveness, and Missouri ranked No. 8 in the Pollina Corporate Top-10 Pro-Business States for 2011. Missouri is one of only eight states to hold a Triple-A credit rating from all three ratings firms.

The new director will replace Director David Kerr, who is stepping down as of Dec. 31.
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