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
Missouri founder offers a triple shot of bold business, distilling branding for small ventures
Editor’s note: The following story was produced through a paid partnership with MOSourceLink, which boasts a mission to help entrepreneurs and small businesses across the state of Missouri grow and succeed by providing free, easy access to the help they need — when they need it. HERMANN, Missouri — Even tiny teams deserve strong branding,…
K-State opens physical innovation hub space to boost research, economic development
Startland News’ Startup Road Trip series explores innovative and uncommon ideas finding success in rural America and Midwestern startup hubs outside the Kansas City metro. MANHATTAN, Kansas — A newly unveiled collaborative office space at Kansas State University is expected to catalyze research commercialization, industry partnerships and economic growth, said Richard Linton. “This new space…
Kansas City jazz swings harder: How KU is building on the city’s historic musical legacy
Editor’s note: This article was written for a class at the University of Kansas’ William Allen White School of Journalism and Mass Communications and distributed through the Kansas Press Association. Icons like Charlie Parker and Count Basie define Kansas City’s jazz legacy. But today’s contemporary artists — such as Blue Noyes and Nic Weaver —…
Northeast Pizza shop bakes KC’s most accessible food into a new restaurant for all, owner says
Rising from a family of restaurateurs, Noah Quillec is striking out on his own — with the help of some culinary friends — to bring a new pizzeria to Kansas City’s Northeast; it’s a move he hopes will bring unity by the slice. “This neighborhood is very accessible, so diverse and so all over the…