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
Food fit: Kansas City health startup attains Endeavor Heartland greenlight at first KC selection panel
Moving forward in the process to become an Endeavor Entrepreneur builds on 18 months of momentum for the newly branded Attane Health, said founder Emily Brown. Her Kansas City-based, food- and nutrition-focused startup moved one step closer to the Endeavor designation — a move that ultimately would elevate Attane Health on a global scale —…
Waldo Thai owner serves first chef collaboration for Kemper Museum’s Artist Dinner Series
The first in a series of three dinner events at the Kemper Museum of Contemporary Art is set to feature James Beard semifinalist Pam Liberda, head chef and owner of Waldo Thai — creating a one-of-a-kind dining experiences blending together the creative worlds of food and art. “Kemper Museum has always cultivated connections between contemporary artists…
No ribbon cutting when a business closes, Plowboys founder says: Know how to start (and stop) on your own terms
A year and a half after Todd Johns closed his restaurants to focus instead on Plowboys-branded retail products, Johns would rather leave a legacy that’s felt within the Kansas City barbecue community than be known as a legend, he shared. “I’d rather know that I helped someone here,” the president of Plowboys Foods told attendees…
KU Innovation Park names new CEO as business incubator ramps up regional eco devo efforts
LAWRENCE — A longtime financial executive at the KU Innovation Park who successfully led funding efforts for the nonprofit economic development organization’s sprawling campus has been officially named its CEO. Adam Courtney most recently served as CFO for the Lawrence-based KU Innovation Park before being named interim CEO in September 2023 after the passing of the…