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
Do The Right Thing: Tate Williams plans to sell his startup (but he’s not looking for an exit)
The following profile features one of five finalists for the “Do The Right Thing” social impact pitch competition organized by the KC BizCare Office, Economic Development Corporation of Kansas City and Startland News. Finalist features will be published throughout the week. Click here to read more features. Click here to vote for your favorite finalist…
New owners for Bo Lings’ Plaza location; here’s what the beloved restaurant is adding to its menu
Change is on the way for a longtime staple of the Kansas City food scene: Bo Lings — the Chinese restaurant chain founded by Bo “Richard” Ng and Far “Theresa” Ling in 1981 — has partnered with W.VinZant Restaurants to reimagine its Country Club Plaza location with more contemporary and expansive Asian cuisine. The new…
Prospect KC brews coffee bar collab with Messenger inside iconic downtown KC library
A reimagined coffee shop — closed during the pandemic — returns to full strength Aug. 7 thanks to a menu of pastries, sandwiches, and salads prepared by The Prospect KC culinary students in a live-training environment, as well as drinks and coolers crafted with Messenger Coffee Co. The 1,350-square-foot coffee bar and café — dubbed…
Cookies have taken over Sweet Kiss, but this mother-daughter brigadeiro shop has even more baked inside
For Jessica Harris, a brigadeiro offers a taste of home, she said, and for almost a decade, she’s been sharing those Brazilian truffles with Kansas City. When the Sweet Kiss Brigadeiro co-founder relocated to the City of Fountains in 1996 — following her sister who moved the year before to play basketball for Penn Valley…