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
Hear KC newsmakers’ backstory with Startland’s ‘Innovation Exchange’ Oct. 20
Rarely are all the facts of breaking news included in the stories we read. From the coincidences that led to a business deal to the personal challenges along the way, there’s often a fascinating patchwork of details that remain in reporters’ notebooks. Think of the Innovation Exchange as a chance to open a news organization’s notepad…
Embracing the chaos, LaborChart soothes the calamity of construction
Editor’s note: This content is sponsored by LaunchKC but independently produced by Startland News. Entrepreneurship is often attractive to personalities that don’t mind dealing with uncertainty. And though Ben Schultz never envisioned himself an entrepreneur, his experience as an electrical contractor forced him to embrace a myriad of unknowns in the construction industry. “Construction is…
Events Preview: Sports Hack for Social Change Competition
There are a boatload of entrepreneurial events hosted in Kansas City on a weekly basis. Whether you’re an entrepreneur, investor, supporter, or curious Kansas Citian, we recommend these upcoming events for you. WEEKLY EVENT PREVIEW Second Fridays at Village Square When: October 14 @ 4:30 pm – 7:30 pm Where: Village Square Coworking Studio Second…
Kansas Citians preparing for plethora of pitch competitions
A staple of early-stage business — the elevator pitch — will be on full display for the Kansas City community in coming weeks. Entrepreneurs from around the metro area have several upcoming opportunities to pitch their businesses or to hear other innovators deliver spiels on their firms. Here are few of those events. The University of Kansas’…