Let's Talk Business

Every Monday at 6:31 a.m. and 8:31 a.m., John Mehner provides information on what's happening in the area of regional development in Southeast Missouri. John is the President and CEO of the Cape Chamber.

Local support for Let's Talk Business comes from Banterra Bank, a locally-owned bank located at 1650 North Kingshighway in Cape Girardeau. Details at Banterra.com. Member FDIC

Ways to Connect

Cape Chamber

There is a silent killer of many businesses in the United States and our area is certainly not immune.

Statistics show us 80 – 90 percent of the U.S. businesses are family owned. However, less than one third will survive into the second generation and roughly 10 percent will make it to the third.

Cape Chamber

For almost two decades we have enjoyed a successful partnership resulting in very tangible results.

Old Town Cape was established in 1999 and the Cape Chamber was at the table helping to get things organized. OTC is an accredited Main Street Program for downtown revitalization based on the four point approach of promotion, design, economic vitality, and organization. Certainly Old Town Cape has thrived in the last several years under the leadership of Director Marla Mills.

Cape Chamber

I’m often times asked just what are we doing to actively market this area to business and industry?

Cape Chamber

The Bureau of Labor Statistics is providing a very interesting look at the needs of the workforce for the next five years.

The BLS and many independent research reports tell us at least 50%, and as many as 65% of new jobs over the next five years will require something less than a four year degree. The strongest job growth is projected in the healthcare, construction, and personal care fields. These are generally well-paid, benefit rich employment opportunities.

Cape Chamber

Area Development Magazine, a national site selection publication, listed this as the third most important factor in the site selection process for new businesses.

Availability of skilled workers trailed only highway accessibility and labor costs as the most important factors in locating a new business facility. Obviously this is a major issue throughout the United States and the Cape area is no different. Talent attraction and retention are key pieces to a successful economic development effort.