Missouri leads nation in new business creation

1 year 1 month 6 days ago October 27, 2015 Oct 27, 2015 Tuesday, October 27 2015 Tuesday, October 27, 2015 9:17:00 AM CDT in News
By: Jasmine Lee, KOMU 8 Reporter

COLUMBIA - Gov. Jay Nixon said on Monday the state saw a 16-percent increase in new businesses and startups in the most recent data. This is more than any other state in the nation. 

The data released by the U.S. Census Bureau was analyzed by the Kauffman Foundation. It showed 1,293 more businesses created in Missouri in 2013 than in 2012. 

In the fiscal year 2015, Missouri ranked as a top ten state for start-up funding, according to Forbes magazine. This is the first time Missouri has ranked in the category. Gov. Nixon signed about $16 million for programs at the Missouri Technology Corporation, a public-private partnership that promotes entrepreneurship.

The top five states for new business creations in 2013 are:

  1. Missouri
  2. Kentucky
  3. Nevada
  4. Colorado
  5. Arkansas

Matt McCormick, the president of the Columbia Chamber of Commerce, said the city is seeing "good things coming out of Columbia." He said the city is starting to see businesses grow again and hiring people. 

"For the most part, everything that we are seeing is some good signs of economic development and indicators of good growth," McCormick said, referring to job growth, low unemployment rates and expansions, including creation of new businesses.

"Especially with startups, Columbia is a great place to be for a number of reasons," McCormick said. "It is a higher-education driven community so there is a constant flux of knowledge from students graduating and staying here and possibly starting their own businesses."

Rachel Carpenter, the operations manager at Seoul Taco, said this announcement may reflect what people think about local businesses.

"People probably enjoy local places, like I would prefer to go to a hole-in-the-wall diner as opposed to IHOP," Carpenter said. "This shows more people can open up their own local businesses and be more successful at it."

Regional Economic Development Incorporated, REDI, President Stacey Button said she has received more applications from people who are interested in starting their own business, this year. 

 

 

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