KC’s startup economy so-so, study says
August 3, 2015 | Bobby Burch
Kansas City for years has been making waves as an innovative community.
Launching and attracting dozens of tech ventures serving a variety of industries, the Kansas City metro’s brand as an entrepreneurial hub continues to grow. But how does it compare to other communities in the U.S.?
While focused on St. Louis, a recent report by the East-West Gateway Council of Governments aimed to answer that question. The group’s “Where We Stand” report analyzed 90 metrics such as innovation, segregation and economic opportunity.
The report looks at the top 50 cities in each category. Here are a few key findings related to innovation and startup business activity:
- Patent creation: Kansas City was granted on average 8.8 “utility patents” per 10,000 employees in 2013, giving it a No. 19 ranking in the U.S. Utility patents are issued for the invention of a new “process, machine, manufacture or composition of matter” and comprise about 90 percent of patents issued, according to the U.S. Patent and Trademark Office.
- Startup formation: Kansas City ranked as the No. 22 city for per capita startup formation, with 136.6 startups per 100,000 residents, according to the report. The U.S. average is about 130 startups per 100,000 residents.
- Venture capital investments: In 2014, Kansas City ranked as the No. 31 city for venture capital investment per employee in dollars, with about $90 per employee. For comparison, St. Louis on average had about $95 per employee (No. 28 ranking), Denver about $363 (No. 9 ranking) and San Francisco $8,002 (No. 1 ranking).
- STEM employment: In 2011, about 20.4 percent of all Kansas City jobs required science, technology, engineering or math skills, ranking it No. 28 in the nation. About 22 percent of St. Louis jobs required STEM expertise (No. 14 ranking), Austin about 22.7 percent (No. 10 ranking) and San Jose 33.2 percent (No. 1 ranking).
- High-speed Internet: About 10 percent of Kansas City’s population has access to gigabit Internet, earning it a No. 13 ranking. About 14 percent of Chicago has access to such speeds (No. 9 ranking) Salt Lake City about 40 percent (No. 4 ranking) and Providence about 64 percent (No. 1 ranking).
Featured Business
2015 Startups to Watch
stats here
Related Posts on Startland News
Ready to bet big? Kansas wants to help entrepreneurs win more federal innovation grants
Kansas innovators now have access to a new tool designed to help them compete for major federal funding. The Kansas Department of Commerce has opened applications for the state’s SBIR and STTR Matching Program, which provides financial support and hands-on guidance for entrepreneurs pursuing federal innovation grants. The matching initiative is part of ACCEL-KS, a…
New Maker of the Year: Why this mom’s side hustle for the girly girls couldn’t stay at home
A hobbyist venture that began with making shirts for her kids has earned Julie Swopes a spot on Made in KC’s shelves for her Chiefs- and Royals-inspired tees — along with one of the local-first retailer’s top honors: KC New Maker of the Year for 2025. “I’m just a stay-at-home mom that has turned her…
Don’t be a stranger: When this Crossroads refuge closes, another chapter begins for Afterword (and the space it leaves behind)
With two more Open Mic Nights and more than a month left on its lease at Afterword Tavern & Shelves — a cozy corner hotspot where patrons leisurely bond over drinks and good reads — the popular Crossroads third-space isn’t finished telling its story despite losing the space to its new landlord, said Kate Hall.…
Exporting KC to the world: Esports leader revs come-from-behind global takeover amid World Cup’s big draw
As the metro bundled up and showed out Friday, getting its latest taste of what the 2026 World Cup has in store, the Kansas City Pioneers dropped new heat — raising the thermostat on their commitment to seize the moment brought forth by the global gathering as a net for esports. “Now is the time for…