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
Farmobile plows an agricultural revolution by empowering farmers with data
Agriculture techie Jason Tatge spent Monday morning as he often would: with a farmer interested in his company. The two kicked off the week in Fargo, North Dakota, kicking the proverbial tractor tires on Tatge’s ag tech business, Farmobile, and how the farmer’s data could generate additional revenue for his operations. They also chatted about…
‘Tis the season: Kauffman supports KC entrepreneurship with $1M in grants
The Ewing Marion Kauffman Foundation awarded more than $1 million in grants to not-for-profit organizations that serve Kansas City entrepreneurs. The grants — totalling $1,020,000 — are a part of the foundation’s projected $8 million of investments in Kansas City’s entrepreneurial community over the next three years. “The Kauffman Foundation is committed to helping Kansas…
Kansas Citians, Techweek study entrepreneurship, communism in largest U.S. tech envoy to Cuba
Only 5 months after President Obama re-opened diplomatic relations between the U.S. and Cuba, a group of Kansas Citians joined the largest tech delegation ever to visit the communist country. Five area entrepreneurs joined leaders and other innovators involved with the national tech conference Techweek in an exploratory visit of Cuba’s tech and entrepreneurial community.…
Ag tech firm Farmobile reaps big multi-million dollar investment
Agriculture company Farmoblie reaped substantial funding to accelerate development and distribution of its technology to collect data from farm machinery. The Kansas City-based firm snagged a $5.5 million Series A round of equity investment led by Amsterdam-based Anterra Capital. Founded in 2013, Farmoblie created a device — or Passive Upload Connection (PUC) — that plugs into…