Low costs are a primary factor.
3 Missouri Cities Ranked Best Places to Start a Business
Entrepreneurs and startups considering where to
launch their businesses may want to consider Missouri. The Show-Me State’s
three biggest cities were all named to the top 20 of WalletHub’s 2016 list of
Best Large Cities to Start a Business.
WalletHub sought to give aspiring entrepreneurs
a boost by letting them know the locations that would give them the best
chances for long-term prosperity. To compile the list, analysts compared the
startup opportunities, based on 16 key metrics, in the 150 most populated U.S.
cities. Metrics included five-year survival rate, office space affordability,
and education of the local workforce.
Here’s how Missouri’s three top cities ranked:
St. Louis
Overall Rank: 5
Total Score: 51.81
Business Environment Rank: 55
Access to Resources Rank: 11
Costs Rank: 7
Springfield
Overall Rank: 8
Total Score: 50.77
Business Environment Rank: 90
Access to Resources Rank: 38
Costs Rank: 1
Kansas City
Overall Rank: 16
Total Score: 48.06
Business Environment Rank: 48
Access to Resources Rank: 86
Costs Rank: 16
To see the full study and the methodology, visit
https://wallethub.com/edu/best-cities-to-start-a-business/2281/.
