,

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

        EDCKC Cornerstone Award

        More than coworking: Plexpod lauded as economic driver at EDCKC Cornerstone Awards

        By Tommy Felts | May 17, 2018

        A Cornerstone Award win for Plexpod is a recognition of the evolving nature of community and connections, said Gerald Smith. “When we set out to do the Plexpod Westport Commons project, from the beginning it was much more than just another coworking facility,” said Plexpod co-founder Smith. “We believed Kansas City needed a central hub…

        Cerner

        KC Tech Specs report: Net gain of 11,000 workers for KC, but 3,000 jobs remain unfilled

        By Tommy Felts | May 16, 2018

        Kansas City’s brain gain grew at three times the rate of Chicago in 2017, according to a new report from the KC Tech Council. Isolated to tech jobs, the city’s pool of workers swelled by 11,000, the KC Tech Specs 2018 report said, though a shortage of skilled professionals remains. “The Kansas City tech industry…

        ShotTracker raises $10.4M round featuring former NBA Commissioner David Stern

        By Tommy Felts | May 16, 2018

        Merriam-based ShotTracker is fueling its global expansion via a large funding round featuring several high-profile investors. The sports tech company announced Wednesday that it raised a $10.4 million Series A financing round led by Ward.Ventures, NBA commissioner David Stern and two-time National League home run champion, Ryan Howard. The round also includes Greycroft, Elysian Ventures,…

        KCSourceLink All-Star nominations open for ‘E Day at the K’ 15-year celebration

        By Tommy Felts | May 15, 2018

        Who helped your business? Likely a future KCSourceLink All-Star. A celebration recognizing KCSourceLink’s 15 years as a top resource for entrepreneurs also will pay homage to the community builders who’ve made an impact through the organization’s Resource Partner Network. KCSourceLink is now taking nominations for 15 All-Star awards, which honor past and present partners. (Nominees…