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
Nour’s extends flavor of 39th Street’s ‘restaurant row’ to long-vacant neighborhood cafe
After a lengthy stint developing corporate dining concepts, Kansas City chef Marwan Chebaro has spent two years planning his return to public dining. Set to open in June, Chebaro’s new Nour’s restaurant will showcase his native Lebanese cuisine and culture while helping bring the community together, he said. The venture at 3855 Warwick Blvd., in…
Entrepreneur duo uses KC Current blueprint to acquire Danish football, build multi-club portfolio
A just-announced deal to purchase a premier women’s football club in Denmark reflects Angie and Chris Long’s unwavering commitment to investing in women’s soccer at the highest level, the couple said, noting they’ll continue their work to raise the bar for players, supporters, and communities both nationally and internationally. Ballard Capital, a sports entertainment-focused investment…
How tech can put humanity back in hiring: Interview app brings beta test to Kansas City
Automation in the hiring process is leaving critical details — and quality, diverse talent — out of the jobs market, said Chelsea Parker, a Kansas City human resources innovator whose new Interview app aims to reconnect recruiters and applicants on a human level. “Interview is the TikTok of LinkedIn,” said Parker, the HR trendsetter behind creating an…
Time runs out for Missouri angel investor tax credit push as legislators close session early
A last-minute effort to pass legislation to boost Missouri entrepreneurs and innovators was thwarted earlier this month when state lawmakers abruptly ended their legislative session, said Jason Wiens, who led advocacy for the creation of a new Show-Me State angel investor tax credit. Amid “escalating partisan tensions” May 14 — and headline grabbing speculation about how…