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
Behavioral health startup announces acquisition, name change
Behavioral health tech firm ABPathfinder is blazing a new path thanks to a recent acquisition. In addition to a name change, the Overland Park-based firm announced Thursday that it purchased Phoenix-based Ensure Billing to beef up the company’s services. The new entity has rebranded to become Pathfinder Health Innovations. Acquiring an insurance billing company allows…
New $20M fund supercharges VC dollars in Kansas City
In conjunction with a metro-wide effort to boost the area economy, Kansas City will soon have a new co-investment fund that aims to accelerate early-stage businesses. As part of the KC Rising economic initiative, the “KC Rise Fund” hopes to improve a common gripe in Kansas City’s entrepreneurial community that there’s not enough capital to…
Cut the crap: How to discern worthwhile advice
In my early days as an entrepreneur, I ran into a lot of consultants who claimed to be “experts” and guaranteed they could help me out. Then I’d do some fact-checking and discover they were neither reliable nor experts, and their advice wasn’t worth the space in our email inboxes. In the last few years,…
Kansas City again named top tech locale for ladies
Kansas City received more kudos for gender equality, this time for being a top spot for women in tech. A study released Wednesday puts Kansas City in second place among the nation’s 58 most-populated cities. The news arrives on the heels of Kansas City being named as a top-10 U.S city for women-owned businesses. SmartAsset…