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
How Urban TEC used eye-opening VR tech to bring teen mental health into the real world
Students at two Kansas City, Kansas, high schools are tackling teen mental health issues with the help of virtual reality, shared youth and tech advocate Ina P. Montgomery. From February through April, 28 students from Wyandotte and JC Harmon high schools learned Unity programming software, identified and researched a health concern for youth ages 13…
‘Mr. K’ finalists tease what it’s like to work for the next Small Business of the Year
Editor’s note: The Greater Kansas City Chamber of Commerce is a non-financial partner of Startland News, which serves as the media partner for the Small Business Superstars program. Finalists for the KC Chamber’s Small Business of the Year award highlighted their companies’ commitments to strong workplace culture, DEI initiatives, and community relations during a panel…
KCMO forms small biz task force for entrepreneurs; underinvested businesses a key focus
Editor’s note: KC BizCare, the small business office of Kansas City, Missouri, is a partner of Startland News. A new task force committed to giving space for Kansas City small business owners to share their voices — on issues ranging from major events like the NFL Draft to everyday concerns on permits and zoning —…
Rescue florists give new life to leftover flowers; nonprofit just needs 6-inch stems and someone to surprise
Impact is growing again for an initiative that sends recycled floral arrangements — flowers otherwise headed for the trash after events — to homebound Kansas City seniors. Volunteer-run Unexpected Blooms recently celebrated its sixth birthday, after being forced to take a pause when the pandemic stalled many large gatherings from which they sourced flowers, shared…