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
US company lands on the moon: Here’s how a KC firm helped boost its flames of innovation
For the first time ever, a commercial spacecraft has touched down on the moon and Kansas City-based Burns & McDonnell provided innovation that helped to make it possible for Intuitive Machines and its Odysseus IM-1 lander, shared Brittney Swartz. The local engineering, construction and architecture firm served as the designer and builder of Intuitive Machines’…
Why developers say folding Plexpod Westport site into Park 39 unifies $230M project
A move this week to transition management of the Plexpod Westport space to the developers behind a massive project along 39th Street will mean reuniting elements within the broader Park 39 campus, said Andrew Brain. “By unifying our actions on both sides of the street, we’re able to act as a whole instead of as…
KC’s cheesemakers Green Dirt Farm opening new space in embattled Crossroads
Editor’s note: The following story was published by KCUR, Kansas City’s NPR member station, and a fellow member of the KC Media Collective. Click here to read the original story or here to sign up for KCUR’s email newsletter. Green Dirt Farm is opening a new restaurant next month that will bring its sheep’s milk cheeses to the Crossroads —…
Plexpod Westport closing Feb. 29; offices to remain but under new management, branding
The spacious classrooms-turned-offices retrofitted for large startup teams at a site once billed as the world’s largest coworking space never regained their pre-pandemic demand, said Gerald Smith, confirming the sudden closing of a Plexpod location that for years epitomized Kansas City innovation culture. “We so wanted Plexpod Westport to be the center of the universe…