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
New Kansas City emojis feature landmarks, BBQ, Royals
Whether observing a colorful sunset or a sea of humanity in downtown, has Kansas City ever left you speechless? Well — in those trying times of need — one Kansas City firm is helping residents express themselves when words simply will not suffice. Kansas City-based ad agency Single Wing Creative recently released “Emoji My City,” a…
Black & Veatch constructs ideation platform with new accelerator
A new program at area construction giant Black & Veatch hopes to hatch and accelerate innovative ideas by adopting a concept common among startups. The Overland Park-based corporation recently created the B&V Growth Accelerator, which hopes to challenge the global firm’s traditional methods of generating and launching ideas. The internal program is led by nine…
Women in entrepreneurship: How KC stacks up to other cities
Late in 2015 and without much fanfare, the U.S. Census Bureau released its 2012 Survey of Business Owners. The survey is taken every five years and polls more than 1.75 million enterprises, gathering, compiling and releasing the results in a process spanning several years. The survey is the only regularly-collected source of economic and demographic…
KCMO transit plan sets route for automated shuttles to KCI airport
Area residents will ride to the airport on automated shuttles by 2020 if Kansas City officials have their way. In a note to the American Planning Association, Kansas City chief innovation officer Bob Bennett shared the city’s “three pillars” of its bid for a $50 million transportation award. The note details Kansas City’s pitch for…