Report: Missouri is a top 10 state to launch a business
July 5, 2017 | Meghan LeVota
A recent study dubbed Missouri as one of the top 10 states to start a business.
The report was assembled by personal finance website WalletHub and aimed to determine which region held the most fertile grounds for launching an enterprise. Evaluating all 50 states’ business environments, access to resources and business costs, the report ranked Missouri No. 9.
WalletHub analysts determined these numbers by assessing 20 differently-weighted indicators of startup success — with business environment being the most critical to a state’s overall score.
Missouri earned its high ranking due to the state’s business environment, which was ranked No. 10 nationally. This metric was calculated by indicators such as startups per capita, five-year business survival rate, the Ewing Marion Kauffman Foundation’s entrepreneurship index and more.
Although Missouri fared well overall, the state’s access to resources score is below average. This indicator is calculated via indicators such as financing accessibility, venture capital per capita and human capital availability.
Another area of improvement for Missouri is its total spending on incentives as a share of GDP. The Show Me State ranked 49 out of 50 in this metric, which is calculated by The New York Times’ database of government spending on business incentives.
Kansas nabbed an overall No. 34 ranking in the study. Although below Missouri, Kansas’ access to resources beat out the Show Me State.
Kansas’ business environment — No. 38 nationally — ranked significantly lower than Missouri’s. Yet the state’s access to resources and business costs yielded the Sunflower State a comfortable, middle rank.
North Dakota, Texas and Utah earned the top three spots, respectively.
To see the complete ranking, see the interactive map below.
2017 Startups to Watch
stats here
Related Posts on Startland News
Nick Ward-Bopp: Local maker community harkens to KC’s creative roots
Editor’s Note: Nick Ward-Bopp co-manages the MakerSpace at the Johnson County Library, helping the community use tools for digital fabrication like 3D printers and laser cutters. He also spends his nights and weekends co-running Maker Village — a small wood and metal shop in Midtown Kansas City — where it focused on building community through workshops…
Kansas City’s slow, steady entrepreneurial growth nabs No. 23 ranking
For the second year in a row, Kansas City maintained its rank as No. 23 out of 40 metros in entrepreneurial activity, according to the Ewing Marion Kauffman Foundation’s 2016 Main Street Entrepreneurship report. The annual report covers the rate of business owners, established small business density, survival rate and more. These metrics are calculated…
Report: Area Latino business ownership surged in 2015
Latino business ownership is on the rise in the Kansas City area, according to a recent study. While area entrepreneurial activity has largely remained steady, the percent of Latinos that own businesses in Kansas City considerably increased from 2014 to 2015, according to the Ewing Marion Kauffman Foundation’s Index of Main Street Entrepreneurship. Now just…
Events Preview: Happy Thanksgiving!
There are a plethora of entrepreneurial events hosted in Kansas City on a weekly basis. Whether you’re an entrepreneur, investor, supporter, or curious community member — we recommend these upcoming events for you. Weekly Events Preview KC Roundtable When: Nov. 24, 7:30 a.m. – 9:00 a.m. Where: Eggtc KC Roundtable is in existence to provide…