Study: St. Louis, Springfield, KC earn high marks for cities to startup
May 2, 2017 | Meghan LeVota
Though still performing well on a national level, Kansas City, Mo., was recently rated as the third-best large city in Missouri for founders to start a business, according to a recent study.
Personal finance website WalletHub found that St. Louis and Springfield are the No. 7 and No. 11 best large cities to start a business in the U.S., respectively, surpassing Kansas City’s rank of No. 32.
WalletHub ranked 150 large cities by evaluating their performance across 18 differently-weighted metrics, ranging from business survival rate and office-space affordability to labor costs and access to resources. To learn more on the study’s methodology, click here.
St. Louis earned a high ranking thanks to its access to resources and low business costs, including low labor costs, office-space affordability, cost of living and corporate taxes. Springfield snagged a No. 1 national ranking for low business costs, which appears to have fueled its top-15 ranking.
Kansas City earned its ranking for relatively low business costs and business environment, which was calculated by startups per capita, five-year survival rate entrepreneurship index and more.
Kansas City’s dropped from its 2016 ranking in the study, in which it earned a No. 16 spot, while St. Louis ranked as the No. 5 city and Springfield earned No. 8.
Across the state line into Kansas, Wichita earned a No. 103 ranking and Overland Park nabbed a No. 122 rating.
Overall, Oklahoma City was ranked the top large city to start a business, followed by Salt Lake City and Charlotte. To see the complete ranking, click here.
2017 Startups to Watch
stats here
Related Posts on Startland News
Meat the moment with valor: Veteran cattle rancher deploys co-op model to save the Midwest cowboy
WESTON, Mo. — Almost a decade after launching KC Cattle Company — his veteran-owned and -operated wagyu beef company — Patrick Montgomery is forging a new path to help fellow ranchers and farmers survive. He’s now digging his spurs into Valor Provisions, a direct-to-consumer online marketplace offering premium proteins from small, independent, veteran-owned ranches like…
Student-raised meats graduate to university storefront as consumers look closer at what makes the cut
WARRENSBURG, Mo. — A new partnership puts pork chops, brats and select cuts from across farming projects at the University of Central Missouri in a retail storefront accessible to community members shopping for locally raised meat. UCM Farms — which spans more than 1,000 acres of farm ground within 10 miles of campus — is…
Nonprofit founder, tech people leader join Kauffman as trustees on shared mission: economic inclusivity
The year-long transformation of the Ewing Marion Kauffman Foundation continues this week as the influential philanthropic organization announced two new trustees meant to bolster its rebooted grantmaking strategy and commitment to driving equitable economic mobility in Kansas City. Newly appointed leaders to the Kauffman Foundation’s Board of Trustees, Aimée Eubanks Davis and Kristen Ludgate bring…
No cookie-cutter way to create an entrepreneur, so what’s the catalyst? Inside KU’s venture test lab
Editor’s note: The University of Kansas’ School of Business is a partner of Startland News. It’s a practical testing ground for KU students to flex their entrepreneurial muscles, Ryan Rains said, describing a business program built for could-be entrepreneurs who aren’t necessarily even business majors — and who, ultimately, might choose to abandon their concept…