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
UMKC, Blue Springs schools testing entrepreneurship class
The University of Missouri-Kansas City wants to play matchmaker between high school students and entrepreneurship. UMKC announced Wednesday that it’s partnering with the Blue Springs School District to test an entrepreneurship course for both high school students and community members. The course, which aims to introduce students to opportunities in entrepreneurship, is available for credit…
Dickson: Kansas City’s ‘show me’ mentality is stagnating its startups
Editor’s note: Net-zero home-building startup Acre Designs, which found its start in Kansas City, recently entered the world’s best business accelerator program: Y Combinator. After facing a tepid investor market in Kansas City, the company will be staying in the San Francisco area after the program’s conclusion. Kansas City fosters an enviable work ethic, steady…
This Kansas City startup is in the world’s best accelerator: Y Combinator
Acre Designs, a net-zero, home-building startup that found its start in Kansas City, is now honing its model in arguably the world’s top business accelerator. San Francisco-based Y Combinator in January welcomed Acre into its 2016 accelerator program. Y Combinator — an early investor in such companies as Airbnb, Dropbox, Reddit, Disqus and others —…
Dundee, Lewis & Clark VCs aim to raise Kansas City’s risk capital tide
Kansas City boasts a hearty roster of attractive early-stage investment opportunities. And that’s why two Midwestern venture capital firms with fresh funds are making the Kansas City area a key part of their investment strategies. Both Omaha-based Dundee Venture Capital and St. Louis-based Lewis & Clark Ventures are eyeing Kansas City-area startups for deals varying…