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
This startup comes with baggage: How one entrepreneur zipped away a classic travel pain
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. Amber Walderier’s entrepreneurial journey began with an unexpected inspiration:…
Generator Studio promotes trio of longtime employees to premiere design firm’s ownership team
Three new additions to the ownership structure at Crossroads-based Generator Studio — the first such change in the studio’s 15-year history — each helped transform the very landscape of Kansas City, said co-founder Mike Kress. “They fully capture the spirit of Generator,” he continued, announcing that veteran team members Peter Baird, Christina Franklin, and Andrew…
Former Hallmark, Crayola exec joins Reconciliation Services, shifting focus to equity of personal well-being
A nearly 20-year corporate veteran has joined one of the most prominent nonprofit operations on Kansas City’s east side — marking another new chapter for Troost-based Reconciliation Services as Kristen Harris starts work as its new COO. “This role is an incredible opportunity to combine my passion for community impact with innovative leadership,” Harris said.…
Super Dispatch names new CEO as one of KC’s top startups looks to next stage of growth
A new CEO for one of Kansas City’s best known tech startups is expected to lead the charge as auto transport platform Super Dispatch continues its transformation, said founder Bek Abdullayev, who moves into a new executive chairman role. The company on Tuesday announced Matt Bradley has assumed the CEO position at Super Dispatch, taking…