Show Me Jobs report: Young firms created 44,000 jobs, drove majority of Missouri hiring in 2018
September 18, 2019 | Rashi Shrivastava
Startups created more than 44,000 jobs in Missouri in 2018, accounting for nearly 80 percent of all new jobs in the state, according to a new report from MOSourceLink.
The Show Me Jobs report is a broader version of a similar report focused on the Kansas City market. MOSourceLink, a nonprofit resource provider for entrepreneurs and small businesses across the state, compiled the report based on data from the U.S. Bureau of Labor Statistics’ Quarterly Census of Employment and Wages.
“When we were able to tell people how many jobs were created by small firms in Kansas City, it really made a difference in terms of inspiring other people to think about entrepreneurship and to generate support for entrepreneurs in the community,” said Kate Hodel, who works on special projects for MOSourceLink.
Click here to read the full report.
The report defined startups as first-time employers that have fewer than 20 employees. It presented data related to job creation, wages and the industry concentration of early-stage companies in Missouri.
First-time employers created more than 190,000 jobs in the last four years, according to the report. That accounted for about four of every five new jobs in the state and 7 percent of total employment in Missouri.
Jobs created by the tech sector continued to grow since 2014, the data revealed. Last year, new tech firms created more than 2,000 jobs, which was higher than the average between 2014 and 2018. Tech firms also paid wages that were about $50,000 more than the state’s average wage.
Missouri was home to more than 19,000 startups in 2018, the report said. Though clustered in high-population regions like Kansas City and St. Louis, new jobs were distributed across the state. As of 2018, the health care and social assistance industry produced the most startups.
“I think it’s important to realize that these jobs are being created all across the state, by all different kinds of businesses,” Hodel said.
This story was produced through a collaboration between Missouri Business Alert and Startland News.
Featured Business
2019 Startups to Watch
stats here
Related Posts on Startland News
Cornstalks to cardboard: This KS company is turning farmers’ trash into sustainable fiber packaging
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. WILLIAMSBURG, Kansas — One small town just south of I-35 in Franklin County — population 390 — soon will become home to a new world headquarters, said Mark Majors. Williamsburg’s…
Vine Street Brewing drafts ‘Afrodisiac’ Ale: A tribute to love, Black culture
A cross-Kansas City collaboration crafted specifically for the month of February could become a staple at Vine Street Brewing if customers fall in love with the blend as much as its brewers hope. Kansas City’s first Black-owned brewery — in partnership with André’s Chocolates and The Black Pantry — unveiled ‘Afrodisiac’ last week, offering a…
Fans packed Chiefs rally, one didn’t come home; citywide trauma from shooting won’t heal quickly, grief expert says
Trauma and grief come in waves, said Mindy Corporon, foreshadowing a long road ahead for those impacted — directly and indirectly — by Wednesday’s shooting near the Kansas City Chiefs’ Super Bowl victory rally. Like many across the region, Corporon, co-founder of the Merriam-based nonprofit SevenDays foundation, was watching the Chiefs parade on TV when…
Black leaders need to earn a ‘thriving wage’ before they can help others; an Evergy-backed cohort could help them ascend
A new program backed by entrepreneur support groups and Evergy aims to raise household income by at least 30 percent for participating Black professionals, nonprofit founders, and entrepreneurs, said Craig Moore II. “The ultimate goal is making sure you’re a leader who can do more than show up and talk about community — you have the…