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
Advisors on air: Why a budding wealth management giant traded Zoom cameras for a TV studio
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. This series is possible thanks to the Ewing Marion Kauffman Foundation, which leads a collaborative, nationwide effort to identify and remove large and small barriers to new business creation. TOPEKA…
Want to talk (downtown) baseball? Royals set Plexpod Westport Commons for first stop on listening tour
Less than a month after announcing the Royals’ intention to build a $2 billion downtown ballpark district — a vision that would see the Major League Baseball franchise leave its longtime home at Kauffman Stadium — the team’s leadership is opening a community dialogue on its future. The move would boost economic growth for entrepreneurs,…
Agtech startup officially moves its corral to KC with global HQ’s relocation from Oregon
Vytelle’s new global headquarters is joining a region with the largest concentration of industry professionals devoted to the health, well-being, and genetic progress of animals, said Kerryann Kocher, announcing the startup’s official move to Lenexa. “We’re excited to put down roots in the Midwest and call Kansas City home to our global headquarters,” said Kocher,…
Startup’s tech putts golf clubs (and expertise) in reach with on-demand caddies, coaches
Mark Lukenbill is on a mission to make golf a more accessible and enjoyable sport for individuals of all backgrounds, he shared. “There’s this stigma that golf is an old, rich, white guy sport; but we’re seeing tons of diversity on the course,” said Lukenbill, the founder and CEO of Mpruv Sports and its premier…