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 startup founder pivots into pickleball haters’ biggest complaint, eliminating court noise
SLN/CR is serving the sweet sound of silence to neighbors of outdoor pickleball courts, said Eliot Arnold, a serial entrepreneur-turned avid pickleball player who’s taking a swing at the source of critics’ irritation. His Kansas City-based startup — pronounced “silencer” — offers a fabric-based noise mitigation system that uses nanotechnology to absorb nuisance noise, said…
Kansas student’s mobility tech for visually impaired users wins Congressional App Challenge
An Overland Park eighth grader’s app idea — using object detection and text-to-speech technology to help visually impaired individuals navigate their surroundings — earned him a visit to the principal’s office, then an opportunity to showcase his innovation in Washington, D.C. “I actually came across a video online, and it was about this blind woman…
Chatterbox speaks the language of reluctant learners: games featuring global cast of AI tutors
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. WICHITA — A Kansas-built language-learning app takes a gamified approach to fluency — inspired by travel and the simple joys of players feel when competing in traditional board games, said…
Hella Good lunar launch party celebrates KC’s rising Asian culture, bringing ancestors to the night market
Béty Lê Shackelford hopes Hella Good Deeds — the nonprofit sister organization of the popular Vietnamese coffee shop Cafe Cà Phê — makes members of Kansas City’s Asian community feel held and hugged, she said. “Hella Good Deeds is here; we love you; and we’re really open to collaboration,” explained the founder and executive director…