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
Techweek opens Monday with KC Mayoral Candidate Tech Forum; launches app with full schedule
Candidates to be Kansas City’s next mayor will take the stage Monday at Union Station in one of Techweek KC’s first events of 2018 to talk tech and its importance in shaping the city’s future, said Ryan Weber. “We’re still a long way from the [April 2] primary election, but this forum will help voters…
CommunityAmerica innovation lab launches AI chatbot to help students complete FAFSA
A new artificial intelligence-fueled chatbot and FAFSA help site aim to digitally remove barriers faced by first-generation American students, children of divorce and others hoping to obtain financial aid to attend college. It’s about delivering peace of mind to members of CommunityAmerica Credit Union, which developed the technology, said Anita Newton, chief innovation officer for…
Coming soon: New Plexpod River Market space will be a welcome sign to KC entrepreneurs
Plexpod is continuing its ride north along Kansas City’s streetcar line — announcing today a new co-working and office space on Delaware Street in the River Market. “River Market is like any other district in the metro,” said Gerald Smith, Plexpod founder and CEO. “Entrepreneurs are everywhere and access to affordable flexible office space is…
Designed by a language of love, ‘my clothing is my ministry,’ says Esmeralda Lole
Kyrie Eleison Couture creates custom pieces that incorporate the customer’s cultural influences, said Esmeralda Lole. Lole works closely with individual customers and draws colors from flags and patterns from their countries of origin, she said. “Everyone has a different love language and my love language is acts of service. So for me, to be able…