No MO: Kansas City, St. Louis drop off Inc list of ‘50 Best Cities for Starting a Business’
January 6, 2020 | Startland News Staff
Shots fired. A new ranking by Inc. magazine claims startup powerhouse Austin, Texas, is “leading the nation in job creation and high-growth company density — and delish BBQ.”
Kansas City? Not even on the list.
Inc.’s Surge Cities index — detailing what founders can learn from the 50 Best U.S. Cities for Starting a Business in 2020 — totally omitted KC from its latest ranking after putting the City of Fountains at No. 40 in 2019.
St. Louis (ranked No. 33 in 2019) also dropped from the index.
Austin, Texas
The report considered such elements as job creation, population growth, net business creation, rate of entrepreneurship, wage growth, high-growth company density, and early-stage fundraising deals — all areas where Austin excelled, editors said. (The Texas capital city also ranked No. 1 in 2019.)
“Austin is one of the few markets that is able to support a full range of kinds of startups — like Silicon Valley or New York,” said Joshua Baer, the founder of Capital Factory, the city’s dominant startup incubator, in the Inc. report. “It’s because we have a diverse set of strengths in our background.”
In contrast, Kansas City’s business ecosystem is dominated by the health care industry, which accounts four of its top five private sector employers, according to Inc.
Other peer cities on the list: Boise (No. 5); Nashville (No. 11); Oklahoma City (No. 39); Minneapolis (No. 40); Columbus (No. 44); Tulsa (No. 47); Des Moines (No. 48); and Indianapolis (No. 50).
Click here for the full list of Inc.’s 50 Best U.S. Cities for Starting a Business in 2020.
2020 Startups to Watch
stats here
Related Posts on Startland News
KC-built Buzz acquired by Vegas tech company hoping to solve AI’s ‘last mile’ challenge in property management
A leading property tech company is placing its bet on the Kansas City-built rent collections platform that Buzz brings to the table, announcing the AI-driven startup’s acquisition Tuesday by Las Vegas-based Pay Ready. The potential for artificial intelligence’s use in an industry historically is limited by the way tech collides with humans, said serial entrepreneur…
Still in the game: 16 startups advance in Kansas pitch tournament; courting a new style of seed funding
WICHITA — And then there were 16. Monday’s pitch competition announcement served up sweet news for more than a dozen Kansas startups as local founders learned they’re advancing in the Gamechangers & Champions “Bracket Bash for Innovators and Angels” — a tournament-style event set to end with a $20,000 grand prize. The just-released list of…
Trio adds Asian fusion to KCK culinary cluster; new BYO ramen, poke spot opens by May
This little strip in Kansas City, Kansas, boasts some of the metro’s favorite restaurants: Joe’s Kansas City Bar-B-Que, 1889 Pizza Napoletana, and Gus’s World Famous Chicken. Lulu’s Thai Noodle Shop is just down the street in Westwood. Now an Asian fusion restaurant is joining the mix. Sannin — poke, sushi and ramen — plans to…
Meet the competition: 10 entrepreneurs vying for $60K at KC GIFT ‘Pitch Black’ business summit
The return of Kansas City G.I.F.T.’s spring pitch competition not only opens the door to prize money for emerging Black entrepreneurs, said Brandon Calloway, it also allows community members and supporters of his nonprofit to see the impact of its mission firsthand. GIFT’s highly anticipated Pitch Black Business Summit 2025 is set for 10 a.m.…