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
Chris Brown: How to split equity in your startup
Editor’s note: Opinions expressed in this commentary are the author’s alone. This article is general in nature and does not constitute legal advice. Readers with legal questions should consult an attorney. When founding a new startup it is common to have disagreements over how much equity each founder should receive. In this post, we will…
Sustainable apartments in KC’s River Market will be among the world’s largest ‘passive houses’
The future of sustainable real estate development may be taking shape in Kansas City. The $60 million, 276-unit Second and Delaware project aims to not only be one of most environmentally conscious residential buildings but also a global example in sustainable housing, said Jonathan Arnold, CEO of Arnold Development Group. The Arnold Development Group along…
Idle Smart founder Jeff Lynch shares three lessons from an accelerator
I’ve been aware of accelerators for some time, but honestly never really thought of them for Idle Smart. We were so heads down trying to grow our own company that I didn’t really have time to learn about the advantages of a quality accelerator. Earlier this summer, however, we were connected to Village Capital through…
Victor Hwang, city leaders challenge the area’s entrepreneurial ecosystem
In partnership with Think Big Partners, the Innovation Exchange offers Kansas Citians context and behind-the-scenes details on newsmakers in the area entrepreneurial ecosystem. This month, area leaders — including the Ewing Marion Kauffman Foundation’s vice president of entrepreneurship Victor Hwang — discussed what’s on the horizon for Kansas City’s entrepreneurial ecosystem. If you missed the…