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
KC artist featured in ad during SNL, named to global cohort of young social justice leaders
Being recognized for his work training local artists on the intersection of art and public policy, Logan Stacer said the honor from an global-facing nonprofit highlights Kansas City’s collective effort and passion for using art as a force for positive change. Stacer, an artist, youth pastor, educator and non-profit executive with Heartland Arts KC, this…
How Chateau Avalon’s owner transformed a former bank into this Mint condition events venue
A former Bank of America building in Johnson County has been reimagined as an 18,000-square-foot bank-themed venue with a nod to the site’s rich financial history, said Steve Beaumont. “For 50 years, this has been a financial institution on this corner,” said Beaumont, describing the in-the-works setting off 95th Street in Lenexa. “We knew we…
Crossroads collaboration brings booch on tap, kegs, mocktails to MO’s (new) biggest kombucha taproom
Brewer’s Alley in the East Crossroads is getting a new kind of taproom, Kortney Lee and Lisa Bledsoe shared. In a freshly bottled collaboration, Tea-Biotics Kombucha opened Missouri’s largest kombucha taproom Friday in the former home of Community Groceries Crossroads Market. “Beer is brewed; Kombucha is brewed, as well,” said Lee, who owns Community Groceries…
Crowdfunding platform for small businesses launches local hub for KC entrepreneurs
Editor’s note: KC BizCare is a partner of Startland News. A newly announced partnership with the international non-profit Kiva is expected to boost Kansas City entrepreneurs who have had difficulties securing traditional bank loans — offering access to social underwriting and affordable starting capital. Kiva Kansas City (Kiva KC), a crowdfunded microloan program for small businesses,…