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
They want to create a SXSW-style festival in KC, but City of Entrepreneurs’ plans for Black founders dig even deeper
Activation is just the beginning for organizers of a new, high-profile partnership that aims to boost Black business owners — starting in Kansas City — via programming, resources, major events and a soon-to-be announced accelerator. Entrepreneurs, investors and local politicians gathered Wednesday to celebrate the soft launch of City of Entrepreneurs — a new initiative that…
Westside tortilleria’s from-scratch corn creations earn prestigious James Beard nod
A husband-and-wife tortilla-making duo in Kansas City’s Westside neighborhood are among semifinalists for one of the world’s most-prestigious accolades for restaurants and chefs: a James Beard Award. Marissa and Mark Gencarelli, co-founders of Yoli Tortilleria, were announced Wednesday as semifinalists for the James Beard “Outstanding Baker” honor. Twenty restaurants from across the country are now…
WATCH: Small biz struggles didn’t begin with pandemic pinch, says Rep. Davids; solutions go beyond COVID relief
The effects of the COVID-19 pandemic exposed and exaggerated pain points that small business owners were already facing before the global health crisis, said U.S. Rep. Sharice Davids. “I really think that what the pandemic did was, in some ways, highlighted the things that we should have been focusing on. … I know a lot…
Lula posts $3M round from single VC investor as proptech startup rapidly scales
A $3 million injection of funding for Lula means more jobs for Kansas City, revealed Bo Lais. But that’s not all it signals, he added, noting the fast-growing startup to watch is well on its way to achieving major milestones in 2022. “We truly believe in solving real problems in this industry and always think…