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
Black farmers are losing ground in the fight to feed their communities, advocates say
More than a century of systemic land dispossession and discriminatory practices has left Black farmers with less than 0.6 percent of U.S. farmland — less than a third of the 16 million acres they operated in 1910, according to local urban farming advocates. They gathered Tuesday at Independence Boulevard Christian Church to confront this history…
Cracking egg-flation: How farmers, substitute ingredients help restaurants mitigate price spike
Editor’s note: This story was originally published by Kansas City PBS/Flatland, a member of the Kansas City Media Collective, which also includes Startland News, KCUR 89.3, American Public Square, The Kansas City Beacon, and Missouri Business Alert. Click here to read the original story. Whether ordering an omelet, French toast, chicken n’ biscuits, chilaquiles, corned beef hash…
Soccer tennis comes to KC ahead of World Cup; here’s how a weekend street festival is kicking it across the map
Ryogoku Soccer Academy — with the help of local businesses like MADE MOBB, Café Ollama, and Café Cà Phê — is taking soccer from the pitch to the streets of Kansas City’s historic Northeast, Brad Leonard shared. As the metro gears up for hosting World Cup games in 2026, the neighborhood-based international school and soccer…
KC celebs, sports icons and tech stars stick around; a hall of famer’s interviews reveal why
Sportscaster Frank Boal could’ve just retired; his wife (and Kansas City’s pull) made other plans Former sports broadcaster and Pittsburgh native Frank Boal knows a thing or two about the pull of Kansas City, he shared. The longtime media personality moved here in 1981 for work and never left. Now, Boal and his wife, Sarah…