Report: Missouri boasts three, top-20 startup cities
May 2, 2016 | Bobby Burch
Kansas City is a top-20 destination to start a business, according to a recent WalletHub report.
A study released Monday by the personal finance website ranked the City of Fountains as the No. 16 best city to launch a business.
WalletHub compared the relative startup opportunities in the 150 most populated U.S. cities., looking at metrics such as five-year survival rate, office-space affordability, educational attainment of the local labor force and more.
Kansas City, Mo., received high marks for its business startup costs, earning a No. 16 ranking. Show Me State neighbor St. Louis ranked as the No. 5 best city to start a business, while Springfield, Mo. earned a No. 8 ranking.
The ranking comes about a week after Overland Park was named No. 20 on WalletHub’s best cities for Hispanic entrepreneurs list. In February, WalletHub ranked Kansas City as the No. 7 best U.S. city for women-owned businesses.
Here are WalletHub’s top 10 best cities to start a business:
- Sioux Falls, SD
- Grand Rapids, MI
- Oklahoma City, OK
- Lincoln, NE
- St. Louis, MO
- Salt Lake City, UT
- Charlotte, NC
- Springfield, MO
- Tulsa, OK
- Amarillo, TX
Featured Business
2016 Startups to Watch
stats here
Related Posts on Startland News
Hyperloop One zooms past Kansas City-St. Louis route
The prospect of traveling from Kansas City to St. Louis in 23 minutes recently zipped past the Show Me State. Hyperloop One — a tech firm that created a system propelling vehicles at speeds of about 760 miles per hour — announced Thursday its four winning U.S. routes, cutting Kansas City from a list of 11 semifinalists.…
Techweek’s future of transportation: ‘Don’t let anything stop you from starting’
Transportation and mobility technology are good examples of the hidden talents of the Kansas City tech community, Darcy Howe said “We have many more mobility companies in Kansas City than you might think, which is a pleasure,” said Howe, KCRise Fund managing director, moderating Wednesday’s Techweek panel. Discussing cars, trucks, roadways and the future of…
1 Million Cups embarks on huge national expansion effort
The entrepreneurial events series 1 Million Cups — a national program born in Kansas City and grown by the Ewing Marion Kauffman Foundation — has set the ambitious goal to expand to 500 communities by the end of 2018. “We’re looking forward to keeping the magic that we’ve already created with 1 Million Cups on…
4 Techweek takeaways: KC can’t escape ‘cowtown’ (and shouldn’t try)
Kansas City shouldn’t run from its “cowtown” label, Techweek KC presenters said Wednesday. “We can celebrate agriculture, and we can also be hip and metropolitan,” said Kimberly Young, president of the KC Animal Health Corridor. Sitting aloft the rooftop deck at Travois in the Crossroads, a panel of experts gathered an audience interested in learning…