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
KCultivator Q&A: Pennez’s Rebecca Dove on pushing past a world that says ‘No’
Editor’s note: KCultivators is a lighthearted profile series to highlight people who are meaningfully enriching Kansas City’s entrepreneurial ecosystem. The KCultivator Series is sponsored by WeWork Corrigan Station, a modern twist on Kansas City office space. Pennez is working to combat childhood illiteracy by bringing its technology to after-school programming, said founder Rebecca Dove. The…
KC-based Sellozo opens upgraded analytics platform to Amazon sellers
Upping the stakes, true profit tracking platform Sellozo plans to roll out a new level of access for its users selling on retail giant Amazon, said Jessica McCune. “It’s definitely cool to have the capability to work with more than just the North American marketplace,” McCune, the Kansas City-grown company’s marketing specialist, said of the…
Dream Muscle Coffee roasts hipster coffee shop stereotype with protein brew targeting KC’s east side
When life hands out lemons, some people turn them into lemonade. But what happens when it throws 300 pounds of coffee beans in your direction? You percolate new ideas that can disrupt an overcaffeinated market and strengthen a community, Timothy Shockley chuckled. “A friend of mine closed his [Shawnee] coffee shop and left [the beans]…
Talent pipeline: Missouri Hyperloop could be a light at the end of the tech jobs tunnel
A high-speed Missouri Hyperloop route connecting Kansas City and St. Louis would power a state-spanning metro area with fluid access to tech jobs and talent, as well as a region pumped for economic growth, leaders familiar with the proposed project said. “You could easily live in St. Louis and work in Kansas City, and have…