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
Marsha Willis joins Facebook accelerator to boost 30K-strong community of Black-owned businesses, supporters
Marsha Willis’ decade-long journey of supporting Kansas City-based, Black-owned businesses is headed to the next level — thanks to a funding infusion from Facebook and Willis’ own focused commitment to providing elevated experiences to the online community she’s built. “Our focus is to create a centralized place where we can share resources and education for…
The Popper drips with KC: Why this award-winning brand won’t quit ‘until the aliens on other planets know’ his city
Walter Edwin is better known as the Popper, but it might as well be “KC,” he said. His love for Kansas City has inspired both his music career and award-winning apparel business. As a performer, he’s rapped about his hometown on his singles “I’m KC” and “For the City,” and as a collaborator on Tech…
10 finalists vying for ‘Fan Favorite’ in AltCap Your Biz competition; Here’s how to vote
AltCap’s marquee GEWKC competition for emerging entrepreneurs is returning in November, but fans of the businesses can cast votes now to determine a $2,500 “fan favorite” winner at the coming pitch event. Ten finalists for the AltCap Your Biz competition were announced this week. The live pitch day is set for Nov. 17 at iWerx…
Miss KC’s Parade of Hearts? You’re in luck: Popular citywide art returning in 2023, 2024
Kansas City’s “Parade of Hearts” is set to return in 2023 — and 2024 — after the wildly popular, city-spanning art installation, regional pride campaign and fundraiser placed more than 150 unique artist-created hearts throughout the metro. The publicly displayed art pieces quickly became destination points across the city with Kansas Citians and visitors embarking…