In the latest examples of Missouri's resurgent economy, Gov. Jay Nixon today announced that Missouri added 6,000 new jobs during the month of April - helping drive the state unemployment rate down to a 40-month low of 7.3 percent - and that state exports grew by 15.4 percent during the first quarter of 2012. The state has created 35,500 new jobs so far in 2012, and the export growth continues an upward trajectory that includes a record $14.1 billion in Missouri export sales last year.
The Governor made the announcement today at National Enzyme, a long-time Forsyth company that produces enzyme-based dietary supplements. National Enzyme is currently in the process of an expansion that includes a capital investment of $3.7 million and plans to create 27 new jobs over the next two years. The company also is a prolific exporter, with 20 percent of its annual sales consisting of exports to more than 50 countries. In 2010, National Enzyme was named Exporter of the Year by the Missouri Department of Agriculture.
"Whether it's the tens of thousands of new jobs created so far this year or the continued explosion of state exports, the progress of Missouri's economy is undeniable," Gov. Nixon said. "National Enzyme is a perfect illustration of our state's economic resurgence. It continues to expand, while aggressively marketing and selling its products to customers around the globe. We will continue to work tirelessly to keep these economic trends going in the right direction."
The state's trend in exports is sharply increasing, beginning with the 35 percent jump in 2010 and followed by 2011's record total of $14.1 billion in export sales. Through the first quarter of 2012, the state is already outpacing that record, ahead 15.4 percent for the year. In addition, the state's trend in job creation includes an unemployment rate that has now fallen by 2.4 percentage points since 2010 and more jobs created through the first quarter of 2012 than any of the eight states that border Missouri.
Established in 1932, National Enzyme moved its operations from Illinois to Forsyth in 1979. The oldest enzyme company in North America, the company currently employs 116 workers at its Taney County location.
The state of Missouri helped make National Enzyme's expansion possible through the award of state incentives from the Enhanced Enterprise Zone Program, which the company can redeem if it meets the strict job creation and investment criteria of the program.