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
Homegrown startups can redefine KC, leader says; they just need help surviving long enough to do it
Editor’s note: The following is the third in a four-part series exploring the verticals and impact of initiatives within the Economic Development Corporation of Kansas City through a paid partnership with EDCKC. Leave KC better than you found it: How matching growth to city’s needs is paying off Wrong tool can wreck a neighborhood; Precision development…
This AI scans for auto damage in 30 seconds; Here’s how it’s gaining instant trust, KC tech industry veteran says
A growing number of automotive-sales and related businesses are turning to Click-Ins, an AI-assisted startup on a rapidly upward trajectory, to solve a long-standing problem: how to inspect vehicles quickly, accurately and consistently without relying solely on human judgment. But the value isn’t in replacing humans in the workforce, said Josh Parsons, a 20-year auto…
Power moves: Electric vehicle infrastructure stalled in Kansas where liquid fuels still dominate
Editor’s note: This article was written for a class at the University of Kansas’ William Allen White School of Journalism and Mass Communications and distributed through the Kansas Press Association. The number of people buying electric vehicles in Kansas is steadily growing, and as the number increases, the need for accommodation will be balanced with…
Five years after being built, dream spot on streetcar line finally brewing opening date, tavern owner says
A never-opened space along the KC Streetcar line in the Crossroads — once planned as high-profile culinary destination — is expected to be remodeled by the owner of a popular brewery and restaurant chain with its long-awaited opening as soon as late summer. Matt Moore, the entrepreneur behind Martin City Brewing Company and Martin City Tavern,…