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
10 Kansas City Startups to Watch in 2022
Innovation in Kansas City knows no age or industry. From pre-seed stage startups to firms with dozens of employees, the leading edge of tech in the Heartland has taken root — and grown in unexpected forms. The future newsmakers showcased as part of Startland News’ Kansas City Startups to Watch in 2022 list each are…
2022 Startups to Watch: afloat makes same-day gifting from local stores easy with soon-to-launch app
Editor’s note: Startland News selected 10 Kansas City firms to spotlight for its annual Startups to Watch list, now in its seventh year recognizing founders and startups that editors believe will make some of the biggest news in the coming 12 months. The following is one of 2022’s companies. Click here to view the full…
Annie Austen reinvents herself as a KC jewelry maker without tarnishing her influencer brand
To reshape her 2020 “blahs and feelings,” social media lifestyle influencer Annie Austen picked up a pair of pliers. She’d been collecting jewelry-making kits for years — but never committed to putting the jump rings, clasps, charms, and other pieces together. An Etsy shop launched with her younger brother, Matthew, changed everything, as the two…
Their KC company didn’t sell a single puzzle during the pandemic; today the best-sellers need restocked ASAP
The puzzle finally fits together this holiday season for Tim and Stefanie Ekeren as the couple discovers the missing pieces that kept Kansas City Puzzle Company boxed on the shelf for more than a year. The small business, based in Mission, Kansas, offers a line of 10 puzzles, most featuring Kansas City-area landmarks or illustrations…