Kansas City ranks as top U.S. tech, entrepreneurship hub
June 9, 2017 | Meghan LeVota
Kansas City’s emerging tech hub and entrepreneurial ecosystem continue to attract national attention.
On Thursday, Kansas City ranked among the top tech cities in the U.S., according to the Tech Cities 1.0 report by Cushman & Wakefield. The report showcased the nation’s top 25 cities, with Kansas City nabbing the No. 22 spot on the list. The cities were determined by factors such as access to talent, investment capital and growth opportunity.
Cushman & Wakefield Tech Cities 1.0 report
Although it’s no surprise that cities like San Jose and San Francisco outranked Kansas City, The City of Fountains’ performance is still noteworthy. Kansas City fared better than New York City and Los Angeles in metrics such as tech workers per capita, share of workers with a Bachelor’s degree or higher, entrepreneurial growth and share of “knowledge” workers, defined as those in occupations such as architecture, social science, health care and education.
In preparing the report, Cushman & Wakefield found six qualities as essential ingredients for a tech hub: Institutions of higher learning; capital; tech workers; knowledge workers; educated workers; and growth entrepreneurship.
Kansas City ranked No. 18 on percentage of tech workers and No. 16 for entrepreneurial growth. In both areas, the metro is rated above the national average.
To calculate entrepreneurial growth, Cushman & Wakefield tapped the Ewing Marion Kauffman Foundation’s Index of Growth Entrepreneurship. The index is calculated by the rate of startup growth, share of scale-ups and high-growth company density.
Although these statistics are promising, Kansas City is nowhere close to Silicon Valley with venture capital and deal flow.
In 2016, the combination of venture capital capital activity from San Francisco, San Mateo and San Jose reached $35.2 billion. In Kansas City, that number is less than $2 billion.
Cushman & Wakefield Tech Cities 1.0 report
Ken McCarthy, principal economist at Cushman & Wakefield, said that “tech is everything.”
“Basically every company today is a tech company in one way or another. We’re all using it, we’re using various aspects of tech companies to do various things,” McCarthy said in a release. “Whether it’s Salesforce as customer relationship management, or Workday for HR, and various other database programs, the old way of doing business just doesn’t work anymore.”
Cushman & Wakefield is a global real estate services firm. 2017 marks the first year the firm has released a Tech Cities 1.0 report.
Featured Business
2017 Startups to Watch
stats here
Related Posts on Startland News
Camp Cyber reboots conference format with top-security KC Tech Council retreat
From cyberspace to the great outdoors, the KC Tech Council is using past success to develop a one-of-a-kind professional development experience: Camp Cyber. Traditional conferencing rebooted, the two-day retreat is expected to provide Kansas City’s top information security leaders with exclusive access to industry insiders, said Ryan Weber, KC Tech Council president. Camp Cyber –…
High-tech dog kennels to affordable housing: Mayor announces city’s new startup partners
Kansas City needs startups’ brightest minds working on the ever-evolving city’s behalf, said Mayor Sly James. Six valuable new startup partners — ranging from companies addressing housing and zoning issues to firms focused on high-tech dog houses and the management of restaurants’ grease — have accepted the call, the city announced Friday. “The Innovation Partnership…
Sickweather CEO bringing Cold Cough Flu conference to KC
It might be warm and sunny this summer, but a storm is brewing, said Graham Dodge. The Sickweather founder’s Cold Cough Flu conference set for October in Kansas City could help health officials detect what’s to come. Inspired by a similar event organized by the Centers for Disease Control and Prevention, the Oct. 15 event…
Teens’ marketing startup TRNDSTTRS aims to amplify its own business influence
Staying young and hungry is everything, said the teenage entrepreneurs at TRNDSTTRS Media. With a team of ten 18- to 19-year-old go-getters, the tech-based firm focuses on providing affordable, in-depth marketing service to small and mid-sized companies. They use their age as an advantage rather than seeing it as an obstacle, said Jake Bjorseth, founder…