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
CEO: Kansas’ politics pushed Pathfinder Innovations into Missouri
Destructive economic and social policies in Kansas compelled Pathfinder Health Innovations’ move to the Show Me State, its founder wrote in a blog post critical of state leaders. A tech service provider for people with autism, Pathfinder received tax incentives for its border hop to Missouri but Pathfinder CEO Jeff Blackwood said the move also…
WonderWe launches faith-based crowdfunding platform
Kansas City-based software startup WonderWe hopes to tap a specific market for its new faith-based crowdfunding platform. Launched in early June, WonderWe combines faith-based values, the latest in crowdfunding tech and new proprietary features to “be one of the leading names” in crowdfunding, said Dominic Ismert, founder of WonderWe. The platform currently accepts fundraisers for…
The Lean Lab will award $100K to education entrepreneurs
Local efforts to inject innovation into education received a boost Friday as The Lean Lab announced fellows in its incubator program will earn seed capital for their projects aimed at disrupting traditional learning. Founded in 2013, The Lean Lab welcomed five new teams of fellows from around the nation for its incubator, which develops…
‘Kansas City Startup House’ aims to be smart home incubator
A local tech founder is transforming his Kansas City, Kan., home to eventually become the area’s next incubator program. Sports Photos founder Brandon Schatz recently launched the “Kansas City Startup Home” to host entrepreneurs and innovators from around the world. While it’s now serving as an Airbnb destination for techies, Schatz said in the next…