Report: Kansas City is ‘meh’ for millennial entrepreneurs
September 30, 2015 | Bobby Burch
A recent survey found that young entrepreneurs view Kansas City as a rather pedestrian locale to launch a business.
Millennial entrepreneurs ranked Kansas City as the 30th best city to start a business, according to a Thumbtack survey of about 3,700 entrepreneurs aged 34 and under. Thumbtack, which created a marketplace that connects professional service providers with customers, asked millennial entrepreneurs questions about the friendliness of local tax laws, licensing rules, the regulatory environment, training and networking opportunities and more.
Despite facing a sluggish economy after the Great Recession, millennial entrepreneurs have been launching a high number of startups and are looking for the best environments to do so.
In 2011, entrepreneurs age 20 to 34 were on average creating about 160,000 businesses each month, according to a study by the U.S. Chamber of Commerce Foundation. 27 percent of millennials in 2011 identified as self-employed.
Birmingham, Alabama earned the top ranking, followed by Boise, Idaho, Boulder, Colo., and Nashville, Tenn., respectively. Omaha earned a No. 12 ranking in the survey while St. Louis ranked as the 81st best place for millennial entrepreneurs. The survey evaluated 95 cities in total.
2015 Startups to Watch
stats here
Related Posts on Startland News
New grant from Porter House KC helps business owners ‘Scale Deep’; applications close Oct. 24
An additional funding opportunity for select small businesses is now available thanks to a seed planted years ago by The Porter House KC. The nonprofit has partnered with the JPMorgan Chase Foundation for the new Scale Deep Grant, which will disperse $30,000 between three small businesses for back office support, equipment cost, rental assistance, and…
Founder: Build your startup on relationships — not tech — to survive seismic industry shifts
Nurturing healthy relationships with clients and partners is the most sustainable way to build a business, said Dan Prince, reflecting on his time growing a custom software development company in Kansas City. “You grow a business by your reputation, by doing the best work for people that you can possibly do. I was told a…
Why NMotion gives founders (without a startup) $100K and tells them to forget their assumptions
Startland News’ Startup Road Trip series explores innovative and uncommon ideas finding success in rural America and Midwestern startup hubs outside the Kansas City metro. This series is possible thanks to the Ewing Marion Kauffman Foundation, which leads a collaborative, nationwide effort to identify and remove large and small barriers to new business creation. LINCOLN,…
Missouri receives $95M from federal initiative to boost startup, small business growth
A newly announced $27 million in federal funds earmarked to support small businesses, startups, and entrepreneurs is headed to Missouri, representing the first of three awards approved by the U.S. Department of Treasury — totaling $95 million — to be deployed through the Missouri Technology Corporation. The funding comes via the State Small Business Credit Initiative,…