Study: St. Louis, Springfield, KC earn high marks for cities to startup
May 2, 2017 | Meghan LeVota
Though still performing well on a national level, Kansas City, Mo., was recently rated as the third-best large city in Missouri for founders to start a business, according to a recent study.
Personal finance website WalletHub found that St. Louis and Springfield are the No. 7 and No. 11 best large cities to start a business in the U.S., respectively, surpassing Kansas City’s rank of No. 32.
WalletHub ranked 150 large cities by evaluating their performance across 18 differently-weighted metrics, ranging from business survival rate and office-space affordability to labor costs and access to resources. To learn more on the study’s methodology, click here.
St. Louis earned a high ranking thanks to its access to resources and low business costs, including low labor costs, office-space affordability, cost of living and corporate taxes. Springfield snagged a No. 1 national ranking for low business costs, which appears to have fueled its top-15 ranking.
Kansas City earned its ranking for relatively low business costs and business environment, which was calculated by startups per capita, five-year survival rate entrepreneurship index and more.
Kansas City’s dropped from its 2016 ranking in the study, in which it earned a No. 16 spot, while St. Louis ranked as the No. 5 city and Springfield earned No. 8.
Across the state line into Kansas, Wichita earned a No. 103 ranking and Overland Park nabbed a No. 122 rating.
Overall, Oklahoma City was ranked the top large city to start a business, followed by Salt Lake City and Charlotte. To see the complete ranking, click here.
2017 Startups to Watch
stats here
Related Posts on Startland News
Moblico snags six-figure investment, announces hiring plans
Kansas City-based Moblico, a tech firm that creates software for mobile marketers, recently announced a $900,000 investment raise to hire additional staff. The investment came from Missouri Technology Corp. and a local angel investor — both of which are second time investors in the company. “We raised these funds to help the company grow,” Moblico…
Windhaven Farms, Chemistry take 1 Million Cups stage
The seemingly disparate industries of agriculture and marketing were on display this week at 1 Million Cups with startups Windhaven Farms and Chemistry. Windhaven Farms founder Kristen Wolf first presented her local meat distribution company, which delivers an assortment of locally-raised, organically-grown meat products, including beef, pork, chicken and rabbit. “The product is really, really…
KC among the best cities to find a job
The City of Fountains is apparently overflowing with job opportunities. Career data Glassdoor recently named Kansas City, Mo. as the No. 2 city to find employment. Kansas City currently has nearly 28,800 employment opportunities, a median base salary $46,000 and median home value of $138,500. Glassdoor determined the final rankings by looking at hiring opportunity…
Recap: Bill would gut Kansas Bioscience Authority
A bill in the Kansas legislature if passed would dissolve the Kansas Bioscience Authority, which has recently served as a venture capital organization investing in early-stage bioscience firms. The measure — SB 305 — would shut down the organization and transfer its funds and obligations to the Kansas Department of Commence. Proponents of the KBA say…