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
Startup: Stop wasting brain power on work that doesn’t matter; founders strike their own work-life balance in rural MO
Startland News’ Startup Road Trip series explores innovative and uncommon ideas finding success in rural America and Midwestern startup hubs outside the Kansas City metro. This series is possible thanks to the Ewing Marion Kauffman Foundation, which leads a collaborative, nationwide effort to identify and remove large and small barriers to new business creation. MOBERLY,…
Build Trybe outgrows incubator mode, taking over Maker Village KC to train at-risk youth in trades
When Nick Ward-Bopp launched Maker Village KC more than five years ago near Martini Corner, he never dreamed the maker space would incubate a program for at-risk youth that ultimately would build beyond it. Set up in a once-vacant Midtown building he rehabbed with co-founder and longtime friend Sam Green, the space started as a…
Fund Me, KC: Tangible launching ‘magical pillow’ that shares physical touch with far-away loved ones
Startland News is continuing its “Fund Me, KC” series to highlight area entrepreneurs’ efforts to accelerate their businesses or lend a helping hand to others. This is an opportunity for business owners and innovators — like Akshay Dinakar and the launch of his Tangible “magical pillow” — to share their crowdfunding stories and potentially gain…
LaunchKC shines spotlight on founders as first social venture studio cohort takes the stage
Tying Jerren Thornhill’s social venture to the footwear industry jogs a logical path, the founder said: re-selling used shoes was a $2 billion industry in 2021, and more importantly: “Kids love shoes.” His startup, One Pair — founded in 2020 to provide teenagers with a pathway to financial security through entrepreneurship while simultaneously minimizing their…