,

Report: Missouri boasts three, top-20 startup cities

May 2, 2016  |  Bobby Burch

Photo by Visit KC.

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:

  1. Sioux Falls, SD
  2. Grand Rapids, MI
  3. Oklahoma City, OK
  4. Lincoln, NE
  5. St. Louis, MO
  6. Salt Lake City, UT
  7. Charlotte, NC
  8. Springfield, MO
  9. Tulsa, OK
  10.  Amarillo, TX
startland-tip-jar

TIP JAR

Did you enjoy this post? Show your support by becoming a member or buying us a coffee.

Tagged , , ,
Featured Business
    Featured Founder

      Bobby Burch

      2016 Startups to Watch

        stats here

        Related Posts on Startland News

        State of Entrepreneurship to tackle national ‘startup deficit’

        By Tommy Felts | February 16, 2016

        In her second address to the nation, Kauffman Foundation CEO Wendy Guillies on Wednesday will present the seventh-annual “State of Entrepreneurship Address.” Guillies will travel to the National Press Club in Washington D.C. to address the nation’s long-term decline in new business creation, which has created a so-called “startup deficit.” Guillies, who was appointed as…

        LaunchCode kicks off Kansas City office with $250K boost

        By Tommy Felts | February 12, 2016

        Fresh off its expansion to Kansas City, LaunchCode will tap additional capital from the Missouri Technology Corporation to boost its operations focused on tech workforce development. With a visit Thursday from Missouri Gov. Jay Nixon at the Sprint Accelerator, the MTC announced that it would inject an additional $250,000 into LaunchCode, which expanded from St.…

        Innovation officer confident KC can nab $50M transportation grant

        By Tommy Felts | February 11, 2016

        The City of Fountains has a solid shot at landing a $50 million award that could transform its transportation system. At least that’s what Kansas City’s new chief innovation officer Bob Bennett believes. Bennett, who started his tenure as Kansas City’s second innovation officer in January, said that the city’s openness to new technology situates…

        Events Preview: Second Fridays, coding weekend

        By Tommy Felts | February 11, 2016

        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’d recommend these upcoming events for you. WEEKLY EVENT PREVIEW Second Fridays When: February 12 @ 4:30 pm – 7:30 pm Where: Village Square Coworking Studio Second Fridays is simply a casual,…