{"id":2010,"date":"2021-08-20T17:30:37","date_gmt":"2021-08-20T17:30:37","guid":{"rendered":"https:\/\/crp.trb.org\/uat\/acrp0358\/?p=2010"},"modified":"2022-08-03T18:12:47","modified_gmt":"2022-08-03T18:12:47","slug":"columbia-missouri-non-hub-in-the-shadow-of-larger-facilities","status":"publish","type":"post","link":"https:\/\/crp.trb.org\/acrpwebresource12\/2021\/08\/20\/columbia-missouri-non-hub-in-the-shadow-of-larger-facilities\/","title":{"rendered":"Columbia, Missouri: Non-Hub in the Shadow of Larger Facilities"},"content":{"rendered":"\n
\"COU<\/figure>\n\n\n\n

The Columbia-Jefferson City region is home to the major urban areas of central Missouri, with a total population of nearly 410,000 in 2019. The Columbia Regional Airport (COU) serves a catchment area with an estimated 730,000 origin and destination (O&D) passengers. COU captures only about 25 percent of its market, losing most of its potential traffic to St. Louis Lambert International Airport (STL) and Kansas City International Airport (MCI), each located within a 2-hour drive. Nevertheless, passenger traffic at COU has increased more than tenfold since 2008, rising to over 256,000 in 2019. COU has succeeded in replacing historic service to MCI and STL with flights from American Airlines to Chicago O’Hare International Airport (ORD) and Dallas Fort Worth International Airport (DFW) and flights from United Airlines to ORD and Denver International Airport (DEN). This has resulted in a substantial improvement in air connectivity for the region.<\/p>\n\n\n\n

\"COU
The Combined Columbia-Jefferson City Region<\/em><\/figcaption><\/figure>\n\n\n\n

Economic Strengths<\/h2>\n\n\n\n
<\/th>2008<\/th>2019<\/th>Number<\/th>Change %<\/th>Compound
Annual Growth Rate<\/th><\/tr><\/thead>
Population (000s)<\/td>384,892<\/td>409,544<\/td>24,652<\/td>6.4%<\/td>0.6%<\/td><\/tr>
Total Employment (000s)<\/td>256,154<\/td>274,131<\/td>17,977<\/td>7.0%<\/td>0.6%<\/td><\/tr>
Per Capita Income<\/td>$34,776<\/td>$45,329<\/td>$10,553<\/td>30.3%<\/td>2.4%<\/td><\/tr><\/tbody><\/table>
Source: U.S. Bureau of Economic Analysis (BEA)<\/em><\/figcaption><\/figure>\n\n\n\n

The bulk of economic activity in the region is driven by post-secondary education. The region hosts more than a dozen colleges and universities, with the largest being the main campus of the University of Missouri. With the state capital in Jefferson City, the region also has a large government workforce.<\/p>\n\n\n\n

Regional employment is shifting toward professional services. Total employment rose at a compound annual growth rate (CAGR) of 0.6 percent between 2008 and 2019 but grew at a CAGR of 3.0 percent for the finance and insurance and real estate sectors. Since 2015, the fastest growth has been in transportation and warehousing (9.4 percent CAGR) and finance and insurance (5.7 percent CAGR).<\/p>\n\n\n\n

The area\u2019s economy features strength in several tradeable clusters, including<\/p>\n\n\n\n