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
De-risking a dangerous job: How a window washing startup is raising the bar (and hose) with drones
It’s a nightmare to clean the windows of multi-story buildings, said Andrew Brain. “It’s incredibly unsafe for folks to be hanging on the side of buildings — and it’s incredibly expensive for them to be there. Insurance liability has gone up 300 to 400 percent. … I was thinking that there’s got to be a…
Callie England’s latest venture has no name or website; When odds are you’ll die next week, you learn to prioritize, she says
Sometimes hypothetical questions become all too real, said Callie England, a serial entrepreneur who frequently posed a speculative query to herself and clients: “If you were going to die next week, what decisions would you make?” It was a question she was forced to answer honestly in July 2021, when the veteran Kansas City startup…
Wingman’s twice-fried chicken flies south, finding its sweet spot in Johnson County
A pandemic-battered, Westport fried chicken restaurant is on the move, chasing new opportunities in Overland Park and frying up a second chance that could be the secret ingredient to franchise expansion, its owner said. “Wingman is the food provider for the entire district,” said Duane Jordan, owner of a Wingman Kitchen franchise, detailing the restaurant’s…
Students hope to make KU the ‘premier blockchain university’; Here’s how startups can help
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. LAWRENCE…