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
Plaza food hall returns with Lula’s, Guy’s, J. Rieger and more KC foodie favorites inside
A hotel food hall — just up the hill from a main artery of the Country Club Plaza — is planning a restaurant rally this week; reopening its shared culinary experience with some of the Kansas City food scene’s biggest local brands and a food hall rarity: full-service. Under new management, a new name, and…
Fit Truk shifts gears, building mass by scaling custom-built mobile gyms across US
Fit Truk has traded its hometown workout circuit for a manufacturing floor and an international sales map. The Kansas City-born company is now producing custom-built mobile gyms for clients across the country and abroad. “We have three different models of trucks,” said Josh Guffey, co-founder of Fit Truk. “We have trucks going out all over…
Down to vibes: Fans of fellow their musicians form Kansas City dream pop group Silvee
Kansas City’s lineup of creative talent plays best when musicians can plug into bands where they’re needed most, said Sky Cowdry, describing an inclusive local music scene built on shared resources, and sounds. Silvee — a singer-songwriter-driven dream pop group infused with rock and roll (and set to perform at Tuesday’s Small Biz to Watch…
‘Economic eviction notice’: Property owners decry tax spike as ‘death sentence for small business’
Critic of tax office says Jackson County is betting most property owners hit with inflated bills are too intimidated to appeal State lawmakers could be Jackson County business owners’ last hope, said Ian Davis, testifying Wednesday in the Missouri state capitol about spiking property tax assessments that have seen entrepreneurs hit with increases of up…