The economy in the metropolitan statistical area (MSA) of Springfield, Ill., has evolved over the years, shifting to and from various industry sectors. In the recent past, the city’s economic base has again shifted; but instead of transitioning to a new industry, it has diversified into smaller, less concentrated segments.
The makeup of Springfield’s economy, both in size and scope, now contains a broad mix of public and private employers, which has helped to develop more opportunities for business owners and employees. The largest industry outside of the public sector is healthcare, and the two largest private employers are hospitals, with the Southern Illinois University School of Medicine among the top players. Springfield is also home to several large back-office operations for national insurance, telecommunications and technology firms.
The accompanying charts demonstrate demographic, supply and operating statistics for the first quarter of 2009.
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