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
Blooom to expand with $4M Series A
Financial tech firm Blooom is blossoming into a local startup success story. The Leawood-based company announced Thursday that it raised $4 million in a Series A round to expand its operations. QED Investors from Alexandria, Va., led the round, which also included DST Systems Inc., Commerce Ventures, Hyde Park Venture Partners and UMB. Blooom created an online…
Report: KC needs (a lot) more venture capital
The Kansas City Area Life Sciences Institute released a report that says Kansas City needs more venture capital for its biotech industry. Just how much venture capital? That is up for debate. Wayne Carter, Life Sciences Institute CEO, said $100 million is the common amount thrown around in conversation regarding Kansas City’s need, and while…
90 on the Clock with ShotTracker
90 on the Clock with ShotTracker By John McGrath, KCPT, and Bobby Burch, Startland News Ed’s Note: Flatland and Startland News have partnered to highlight Kansas City’s innovators and entrepreneurs, all in 90 seconds. This is the third episode in the five-part series. From propelling the game’s emergence in the early 1900s to honing hall of fame players like…
Snafus tangle up Trellie’s future
Wearable tech firm Trellie is winding down operations after some engineering and fundraising mishaps wiped out its cash reserves. Founded in 2012 by Claude Aldridge and Jason Reid, Trellie created a wireless charm that attached to the outside of a woman’s handbag to notify her of an incoming call via flashing LED lights. The product took…