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
Five years later: Google Fiber celebrates a Kansas City milestone
Five years ago today, the Kansas City area heard the news that it would receive a transformative, residential gigabit Internet service. Hundreds of cities lobbied to be the first to receive Google Fiber, but ultimately, Kansas City, Kan. won the highly-sought-after service. And the world learned that on March 30, 2011. Five years later, Google…
Mayor Sly James’ vision for Kansas City: Innovation and entrepreneurship
In an address to constituents Tuesday, Kansas City Mayor Sly James broadly painted his vision for Kansas City and outlined what success for the area would look like. And at the cornerstones of his ideas for the next decade? The future of Kansas City hinges upon innovation and entrepreneurship. “With Google Fiber and the smart,…
SparkLabKC nixes spring program, eyes management change
One of Kansas City’s top business accelerators is canceling its spring program amid a series of changes, including a potential management mixup. Founded in 2012, SparkLabKC will not be offering what would’ve been its fourth spring program as it evaluates its future. Through three separate classes, the organization has helped accelerate 30 area startups with…
We have liftoff! LaunchCode to boost Kansas City tech talent
About 3,500 tech firms need to fill 2,300 open positions in the Kansas City area, according to KCnext. Usually, that means businesses, both large and small, spar over the same people, snatching up programming talent wherever possible, including from their local neighbors. It makes for more than just awkward networking events among tech executives —…