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
HomeRoom closes $1M pre-seed, joining Y Combinator’s latest batch of funded startups
A Kansas City proptech startup that matches roommates with affordable coliving opportunities is reporting record growth, along with a newly announced million-dollar pre-seed funding round led by a leading early stage investor. The investment from Y Combinator, The Uplift Syndicate and The HO0 Fund is expected to help HomeRoom — a residential real estate marketplace that…
Winning alumni revive Columbia Startup Weekend to unlock Midwest talent, find the next billion-dollar startup
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. Techstars…
‘People eat with their eyes first’: Why pop-ups were just a sample of this new bakery’s appeal
Brown Suga Bakes began modestly — selling cookies out of lunch bags mid-pandemic, said Ebony Paul-Harris, detailing a strategy of starting small to achieve big results. In her case: opening the oven to a brick-and-mortar bakery and storefront in Olathe. “In the beginning, we used to make really small cookies. We also had a sample…
Bluetooth your burnt ends: BBQ tech startup fires up new way to keep tabs on those slabs
FireBoard is smoking toward its seventh office in seven years as hiring and product development heat up for the ever-expanding Kansas City-based maker of cloud-connected digital thermometers — a staple tool of many BBQ enthusiasts and restauranteurs. It’s latest addition: the FireBoard Spark, an entry-level meat thermometer with a lower price point than previous models,…