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
CPR alert! KC Fire adopting tech to notify bystanders of cardiac arrest
Embracing innovation and collaboration, the Kansas City Fire Department is expected to launch technology this month that is designed to notify residents trained in CPR when a person in their vicinity experiences sudden cardiac arrest and is awaiting first responders. Sudden cardiac arrest is responsible for about 350,000 deaths a year, according to the American…
KC’s Site 1001 eyes Raleigh as next smart city, opens innovation office
Following the firm’s $6 million raise earlier this month, Kansas City-based Site 1001 recently announced it selected the city of Raleigh, North Carolina, for a new office and innovation center. A technology spin out from Kansas City construction giant JE Dunn Construction, the firm said in a release that it plans to work with Raleigh’s…
Voting open: KC-based efforts vie for spots among SXSW 2018 panels
SXSW 2018 is still six months away, but members of the Kansas City startup community need supporters’ help now to land a coveted spot on the Austin-based conference’s panel lineup for March. At least three proposals with KC ties are among those being considered during SXSW’s PanelPicker Community Voting process, which runs through Aug. 25.…
OYO Fitness flexes muscles internationally after $1M in US crowdfunding
The pressure isn’t letting up for OYO Fitness. With nearly $1 million in sales via crowdfunding already banked, the Kansas City-based fitness firm hopes to add more muscle to its brand by expanding into Asia. After previous success on U.S.-based Kickstarter and Indiegogo, OYO (On Your Own) Fitness launched its collapsible, portable gym product last…