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
Fund me, KC: Garden Thorn wants to turn your thumb green
Startland News is continuing its segment to highlight area entrepreneurs’ efforts to accelerate their businesses. This is an opportunity for entrepreneurs — like The Handy Camel CEO Tom Gray — to share their stories to gain a little help from their supporters. If you or your startup is running a crowdfunding campaign, let us know…
Entrepreneurial foundation names local ‘startup champion’ as director
The Kansas City Startup Foundation’s year-long search for a new executive director ended right where it began. The foundation — whose mission is to unify Kansas City’s startup and entrepreneur community — recently hired Matthew Marcus as its executive director. Marcus, who most recently served as the foundation’s chairman, will begin his tenure in May. “It’s…
How wearables could change America’s pastime and Amazon’s big oops
In this week’s roundup of watercooler talk from the region’s startup hubs, we have the dish on Major League Baseball wearables, Amazon’s flub with expanding the digital divide and Chicago’s STEM workforce issues. Check out more in this series here. Mobile Commerce Press: Major League Baseball gives the nod to wearable technology No, this doesn’t…
The red carpet, garageband and laboratory of funding models
Editor’s note: The opinions expressed in this commentary are the author’s alone. “Funding! Funding! Funding!” It’s the warrior’s cry of the startup community. In the world of entrepreneurship, there’s an incredible amount of pressure to run a startup that can be described as “disruptive,” “innovative” and “scalable.” Those descriptions come with a hefty price tag,…