Missouri ranked as one of the best states for new businesses

2 months 3 weeks 1 day ago Wednesday, July 05 2017 Jul 5, 2017 Wednesday, July 05, 2017 3:49:00 PM CDT July 05, 2017 in News
By: Eric Yount and Alexis Reese, KOMU 8 Reporters
loading

COLUMBIA - Location, location, location.

Missouri ranks in the top ten for the best states to start a business.

WalletHub released its list of the best and worst states for new businesses Wednesday. Other organizations put the Show-Me state in a similar ranking. Fitsmallbusiness.com ranked Missouri as the sixth best state.

Columbia Chamber of Commerce President Matt McCormick said Missouri stands out from other states because of what it offers.

“It's a great cost of living, a great cost of doing business,” he said. “It's very competitive nationwide where you can do business. It's a business-friendly state with legislative policies in place.”

Columbia itself is regarded as being business-friendly. Entrepreneur magazine said Columbia is the 16th best city in the country for entrepreneurs.

“We also have fewer big businesses here than you’d find in a more metropolis-type town,” Steve Stonecipher, owner of Tryathletics, said in Entrepreneur’s article. “I see a lot of new businesses open. The city is pretty receptive to new ideas.”

McCormick said Columbia has three big industries: higher education, health care and insurance. Three universities call Columbia home, as well as the two largest hospitals in the area. Shelter Insurance is based out of Columbia and State Farm has a regional office here.

The Columbia Chamber of Commerce focuses on more than just business growth. McCormick said it also focuses on making sure Columbia is a desirable place to live and retire. He said this tends to have a circular effect, making the city and the economy stronger.

“If you have a great place to do business, you have a great place for people to visit, you have a great place where people want to live,” he said. “And if you’ve got a great place where people want to live, it goes back up to a great place where people want to start a business or they want to work at.”

One local business owner said the process of starting up was fairly easy but not without its challenges. Matt Jenne is a co-owner of Addison’s Grill and Sophia’s restaurants. When Addison's opened in 1999, it was the first business he started.

“It wasn't that difficult,” he said. "We were able to break up the work load in a way that made it not as hard."

Now, Jenne and his co-owners are in the process of expanding Addison's Grill to a new location in southwest Columbia. He said it was more difficult than he expected because they needed to get the zoning changed.

“We had to reach out to the community, the neighbors, to make sure they were on board with what our vision was," Jenne said.

Going forward, McCormick said the city and the chamber hope to diversify Columbia’s business sector. He said the addition of Aurora Dairy and American Outdoors Brand helps with that goal. They are expected to bring in about 150 new jobs each. McCormick said this helps employ people with varying education levels with high-paying jobs.

“You don’t need a PhD to have a job here; you might need certain skills to be in those different industries,” he said. “It starts diversifying the type of jobs. So not diversifying the type of businesses but the types of jobs that we have here.”

The expansion of Columbia Regional Airport also could bring more business. With a larger airport, more freight could move through the region, and McCormick said businesses would be able to fly people in and out quicker. The airport’s expansion has already attracted attention. United Airlines will begin flying passengers to Denver and Chicago August 1, joining American Airlines's twice-daily flights to Chicago and Dallas.

But the business sector could see some major changes thanks to the state legislature. Missouri’s General Assembly passed Senate Bill 43, known as the workplace discrimination bill. Currently the law only requires employees to provide evidence a protected class contributed to discrimination. Under SB 43, employees need to prove the protected class was the primary motivating factor behind the discrimination.

Opponents say this paves the way for more discrimination against minorities. Supporters said the previous law was too lenient and hurt businesses and the new rules could bring more businesses jobs to Missouri. Gov. Eric Greitens signed the bill into law June 30 and it goes into effect August 28.

 

 

More News

Grid
List
BLUE SPRINGS (AP) — A former Blue Springs doctor and Boy Scout leader is being held without bond after admitting... More >>
47 minutes ago Tuesday, September 26 2017 Sep 26, 2017 Tuesday, September 26, 2017 4:13:00 PM CDT September 26, 2017 in News
COLUMBIA - Fall prevention awareness kicked off in Columbia on Tuesday. Physical therapy clinic Peak Sport & Spine hosted a... More >>
1 hour ago Tuesday, September 26 2017 Sep 26, 2017 Tuesday, September 26, 2017 3:41:00 PM CDT September 26, 2017 in News
ST. LOUIS (AP) — A 57-year-old Texas man was sentenced to nearly 3.5 years federal prison and ordered to pay... More >>
1 hour ago Tuesday, September 26 2017 Sep 26, 2017 Tuesday, September 26, 2017 3:16:00 PM CDT September 26, 2017 in News
CAMDENTON (AP) — Authorities say one person was killed and another was seriously hurt when a boat exploded after refueling... More >>
2 hours ago Tuesday, September 26 2017 Sep 26, 2017 Tuesday, September 26, 2017 2:51:00 PM CDT September 26, 2017 in News
JEFFERSON CITY - Missouri Democrats announced Tuesday a new health care reform that plans to expand who is eligible for... More >>
2 hours ago Tuesday, September 26 2017 Sep 26, 2017 Tuesday, September 26, 2017 2:38:00 PM CDT September 26, 2017 in News
COLUMBIA - Hurricane Maria ripped through Puerto Rico leaving destruction in its path. The island was left in disarray, and... More >>
2 hours ago Tuesday, September 26 2017 Sep 26, 2017 Tuesday, September 26, 2017 2:17:00 PM CDT September 26, 2017 in News
JEFFERSON CITY - Tuesday, Attorney General Josh Hawley announced his new plan to fight against human trafficking in Missouri. ... More >>
3 hours ago Tuesday, September 26 2017 Sep 26, 2017 Tuesday, September 26, 2017 1:27:00 PM CDT September 26, 2017 in News
CHARLESTON, W.Va. (AP) — Toyota Motor Corp. says it is investing $374 million at five U.S. plants to support production... More >>
3 hours ago Tuesday, September 26 2017 Sep 26, 2017 Tuesday, September 26, 2017 1:22:09 PM CDT September 26, 2017 in News
SPRINGFIELD (AP) — Records show a man who drove into five people outside an elementary school in southwest Missouri doesn't... More >>
4 hours ago Tuesday, September 26 2017 Sep 26, 2017 Tuesday, September 26, 2017 12:52:49 PM CDT September 26, 2017 in News
CUBA (AP) — A Missouri father is charged with shaking his 3-month-old twin daughters, killing one of the girls and... More >>
4 hours ago Tuesday, September 26 2017 Sep 26, 2017 Tuesday, September 26, 2017 12:24:04 PM CDT September 26, 2017 in News
PULASKI COUNTY - William E. Hickle found Lawrence Mullen, 39-years-old of Rolla, guilty of statutory sodomy, sexual exploitation of a... More >>
6 hours ago Tuesday, September 26 2017 Sep 26, 2017 Tuesday, September 26, 2017 10:48:00 AM CDT September 26, 2017 in News
JEFFERSON CITY (AP) — Missouri Democrats want to expand who's eligible for Medicaid and allow people to buy into Medicaid... More >>
6 hours ago Tuesday, September 26 2017 Sep 26, 2017 Tuesday, September 26, 2017 10:17:08 AM CDT September 26, 2017 in News
LAKE OF THE OZARKS - Prosecutors have charged a Mexico man with assault after police found a man with serious... More >>
7 hours ago Tuesday, September 26 2017 Sep 26, 2017 Tuesday, September 26, 2017 9:54:00 AM CDT September 26, 2017 in News
ST. LOUIS (AP) — Relatives say a St. Louis toddler who killed his sleeping father while playing with a gun... More >>
8 hours ago Tuesday, September 26 2017 Sep 26, 2017 Tuesday, September 26, 2017 8:09:24 AM CDT September 26, 2017 in News
JEFFERSON CITY – Tuesday morning Attorney General Josh Hawley announced the arrival of a new initiative to help in the... More >>
12 hours ago Tuesday, September 26 2017 Sep 26, 2017 Tuesday, September 26, 2017 4:38:00 AM CDT September 26, 2017 in Continuous News
COLUMBIA - The Show-Me Institute will host a panel on criminal justice reform Tuesday evening at Columbia College. The... More >>
13 hours ago Tuesday, September 26 2017 Sep 26, 2017 Tuesday, September 26, 2017 3:38:00 AM CDT September 26, 2017 in News
COLUMBIA - A car parked at a gas station parking lot on Providence Road rolled from the lot and onto... More >>
18 hours ago Monday, September 25 2017 Sep 25, 2017 Monday, September 25, 2017 10:32:00 PM CDT September 25, 2017 in News
COLUMBIA- A three car collision on Southampton Drive ended with one car flipped over late Monday night. Columbia Police... More >>
19 hours ago Monday, September 25 2017 Sep 25, 2017 Monday, September 25, 2017 9:38:00 PM CDT September 25, 2017 in News
Columbia, MO
Broken Clouds 81°
5pm 80°
6pm 78°
7pm 76°
8pm 73°

Select a station to view its upcoming schedule:

Coming Up Next

4:30p
Jeopardy!
5:00p
KOMU 8 News @ 5
5:30p
NBC Nightly News with Lester Holt
4:30p
The Goldbergs
5:00p
American Dad!
5:30p
American Dad!

Tonight's Schedule

7:00p
The Voice
8:00p
This Is Us
9:01p
Law & Order True Crime: The Menendez Murders
7:00p
The Flash
8:00p
DC's Legends of Tomorrow
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld