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
Enactus USA turns 50 in KC as local leaders urge: Give your network to an entrepreneur
A three-day expo featuring student-led innovation and entrepreneurship from across the nation found its home (and groove) “in the heart of the USA” this week, said Mikena Manspeaker, noting the campus of UMKC was the perfect fit for marking the 50th anniversary of Enactus United States. “Kansas City is just booming with entrepreneurial spirit and…
Streetwear-infused runway show hits 10 year-mark, building fashion family along the way
High fashion met heartfelt passion on the runway Sunday with the return of the The Kritiq Fashion Show — a celebration of creativity, entrepreneurship and community spirit that not even a global pandemic (or family pressures) could undress. “This is our 10th year,” said Mark Launiu, co-founder of The Kritiq, as well as the Kansas…
Goodwill’s ‘adult high school’ in KC just scored major funding wins (and hired its first leader)
A first-of-its kind adult high school in the region hit two big funding milestones this month, said organizers of the Excel Center, announcing six-figure financial contributions from the City of Kansas City, Missouri, and the Ewing Marion Kauffman Foundation, as well as a key hire. Led by Goodwill of Western Missouri and Eastern Kansas (MoKan…
KC job fair explores how AI can be a tool for women job seekers, not another workforce threat
For women competing within today’s hiring landscape — an environment riddled with opportunities and challenges linked to artificial intelligence — it’s critical to master cutting-edge job application tools, said Erin Cole. “It’s about accessibility,” said Cole, chief development officer for Women’s Employment Network (WEN), a partner of the OneKC for Women alliance. “WEN is built…