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
Kauffman address leaves DC; Execs say the people (not politicians) will revive entrepreneurship
Everyone should have the opportunity to take a risk, achieve success, and give back to their communities through entrepreneurship, Wendy Guillies said. But it’s a collaborative process that begins at home, she noted. “The reality is we all have a part to play in creating a more prosperous national economy and that starts with growing…
No Coast finalists: Trio of startup heavyweights among KC Tech Council award contenders
Updated: Click here for No Coast winners. KC Tech Council released finalists Wednesday for its No Coast awards — a March 8 celebration of trailblazing innovators across the tech industry in Kansas City — which features a handful of startup founders and companies. “These are the folks who went above and beyond in tech,” KC Tech…
Bo tell it on the mountain: Thou Mayest founder reveals spirit driving his brand of business
Your spirit makes you alive — don’t ignore its voice when it speaks to you, Bo Nelson advised a captive audience gathered to hear how his entrepreneurial experience at Thou Mayest Coffee Roasters has enabled Kansas Citians to reach their highest good. Nelson read Tuesday from a personal journal he kept during a significant time…
Former ECJC exec Melissa Roberts joins Kauffman Foundation grant making team
Everyone has potential if given the right resources, said Melissa Roberts. “Everybody has great ideas if given the right education. Everybody has the potential to be an economic contributor in our society if given the right motivation and support,” she continued. These aren’t her words and values alone, Roberts said. They’re the legacy of Ewing…