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
Culture Lab to Fountain City Fintech startups: Before you hire, define your culture
Bringing Culture Lab programming to the Fountain City Fintech accelerator’s inaugural cohort is part of a deeper effort to call attention to workplace culture in Kansas City, said Frank Keck. “We’ve been able to help each of these six cohort companies really define who they are, why are they doing what they’re doing, and help…
Investors deal BacklotCars $8M; KC-based startup hitting the gas on disruption
Disrupting the used car space has driven a Series A funding round to $8 million for Kansas City-based startup BacklotCars, the company announced Tuesday. “This investment comes at a great time. We are growing rapidly in our existing markets and expanding our national footprint. We expect to continue to add new features – to accompany…
Passive investment approach is so 30 years ago, Drawbridge strategist says
Transforming a systematic process into a company built on efficiency has Lee’s Summit-based Drawbridge Strategies ready to disrupt the world of finance, said Tim Fortier. “A product is a means to an end, not the end itself. What is necessary is better investor education on the process behind the product,” said Fortier, Drawbridge Strategies CIO.…
ebbie navigates journey from established insurance industry to tech startup mode
Olathe-based ebbie is injecting innovation into the risk-averse insurance industry, said Brian Hess. “We looked for spaces where we could come in and say, ‘We can make this a lot better,’” said Hess, operations officer at ebbie. “Fast forward to now, and we went through the development phase and the build, and we have successfully…