Not only is St. Louis being pegged as a great place to start a new business, the state of Missouri also shows strong in a recent marketing glance.
The lovable list-makers at WalletHub, a personal finance website, put St. Louis at No. 5 among the best 150 cities in the U.S. to start up a new business.
The experts also rank two other Missouri cities in the top 20: Springfeld at No. 8 and Kansas City at No. 16.
In its 2016’s Best Cities to Start a Business, WalletHub used 16 factors to compare startup viability, such as business competition, financing accessibility and available workforce.
One of the experts who helped formulate the rankings was Patricia H. Lee, a professor at St. Louis University law school and director of the school's Legal Clinic.
St. Louis finished high by finishing in the upper half in most categories, with a highest ranking, No. 16, in the area of labor costs. Its lowest ranking, still in the top 50 percent, was being 68th in number of college-graduate workers.
Springfield boosted its ranking by finishing second in the U.S. when it comes to having the most affordable office space.
Your weekly capsule of local news, life advice, trivia and humor from Post-Dispatch columnist Joe Holleman.