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
Caffeine nation: 1 Million Cups hits the century mark
Dubbed as “the church for entrepreneurs,” 1 Million Cups recently hit a milestone with the reach of its programming. A product of the Ewing Marion Kauffman Foundation, 1 Million Cups has launched in Waco, Texas, marking the entrepreneurial forum’s 100th participating community. 1 Million Cups launched in Kansas City in 2012 and has been spreading…
Take a tour of KC’s newest, largest coworking space: iWerx
Kansas City’s newest and largest coworking studio plans to celebrate its grand opening in style during Global Entrepreneurship Week. Based in North Kansas City, iWerx’s massive 33,000-square-feet facility is now welcoming tenants into its swanky new digs that feature an array of amenities, most notably access to its ridiculously fast 10-gigabit Internet. Built in 1929,…
The metric that your startup needs to measure: Net promoter score
Startups are full of uncertainty — and prospective clients know that. Credibility and reputation are both keys to a company’s ability to not only sell a product or service, but also to create brand ambassadors that will promote it to friends and others. As the saying goes, your customers are your best salespeople. “If you…
Comcast launches new gigabit service in Kansas City metro
The Kansas City gigabit market just become more crowded. In addition to Google Fiber and AT&T, Comcast has now joined the ranks of Kansas City Internet providers offering gigabit speeds. In 2017 Comcast will begin to roll out residential gigabit Internet service to customers in the Kansas City suburban area. The company will deliver the…