Krcu's Let's Talk Business

This is the time of year we realize only eleven cities in the state of Missouri are fortunate enough to be home to one of these important economic drivers. Cape is home to Southeast Missouri State University, founded in 1873. While Southeast’s primary purpose is to increase the human capital of its students, it also serves as a tremendous economic driver for the region. One way the impact is felt is through its graduates. The latest U.S. Census tells us individuals in Missouri with a bachelor’s degree earned an average of $16,720 more per year than those with a high school diploma or GED. Given more than 37,000 graduates live in the 24 county region served by Southeast, this effect is estimated to be more than $600 million dollars per year. But that’s not all. An economic impact study analyzed the annual spending of students, University employees, the University itself, and related construction projects. Results showed an annual economic impact of more than $1 million dollars for every