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
This AI keyboard can write your next email with the push of just one button; its creator says it could revolutionize workplaces
Hardware — not just software — should be at the forefront of the AI’s future, Jerry Hsu shared. After the successful release of its GPT-powered AI mouse, Jethro V1, in late 2024, Overland Park-based Virtusx — which is revolutionizing workplaces through integrating hardware and software to make AI-driving products more accessible and user-friendly — has…
Alexa, show me the winners: Storytailor leads Pure Pitch Rally prize tally ahead of tech launch
Storytailor’s marquee Pure Pitch Rally win comes at the perfect time for the Kansas City startup, its founders said. They’re preparing to roll out a new immersive storytelling platform through a partnership with Amazon’s Alexa+ next year — a move expected to bring their tech to more than 200 million Prime users. “It’s the most…
LISTEN: How the Midwest opened this German agtech company’s eyes to opportunity in the US
On this episode of our 12-part Plug and Play Topeka podcast series, we connect with Débora Moretti, co-CEO of NutriSen — a Berlin-based agtech startup building real-time molecular sensors to measure nutrient concentrations in plants directly on the field. Moretti shares how her team, alongside co-founder Tobias Vöpel, is merging biosensor technology, data-driven insights and…
Crossing lanes: KC Streetcar collaborators back aboard for expansion, dropping new merch, anthem
Opening the extended KC Streetcar line Friday completes a loop for creatives whose collaborations with the popular public transit system first emerged nearly a decade ago along Main Street — a time when Kansas City’s surging vibrancy helped curb streetcar doubters. “For us, it’s always been about representing Kansas City — the people, the culture,…