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
If you build it, they will come: KC leaders pitch downtown baseball to expats eying a return to home plate
Downtown baseball remains a winning prospect for Kansas City — and the Royals — civic and business leaders told a crowd of former residents who are considering a move back to KC, encouraging them to imagine a homecoming of big league proportions. “I think everyone agrees that Major League Baseball is a downtown sport,” Jon Stephens,…
Historic Troost space getting restocked; long-vacant Safeway next on Screenland’s grocery list
A one-story, long-empty, red brick building on Troost is now on the National Register of Historic Places — and set for new uses that reflect the modern-first vision behind its original construction. Redevelopers from Screenland Real Estate Services said the space at 3740 Troost Ave. was one of the first — if not the first…
This beloved family chicken chain is dropping its first new location in decades; Go for its G-Sauce in 2025
Kansas City’s longtime favorite Go Chicken Go is expanding to the Northland — its first new location in nearly 25 years. The hometown staple — a family-owned, third generation business based in Overland Park — is taking over the former Taco Bueno freestanding building at 380 N.E. Vivion Road, for an early 2025 opening. The new…
BLK + BRWN owner calls on funders to co-author bookstore’s story of activism for silenced narratives
A recently launched crowdfunding campaign to help BLK + BRWN make rent could mean the difference between access and censorship for the community served by the indie bookstore, said Cori Smith. “This is my flavor of activism,” Smith said of BLK + BRWN, the 39th Street business she describes as both a passion project and…