Missouri ranked as one of the best states for new businesses

1 year 2 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
LAKE OF THE OZARKS - 64 years later, a different lake and nearly triple the death toll, the duck boat... More >>
7 hours ago Friday, July 20 2018 Jul 20, 2018 Friday, July 20, 2018 9:12:00 PM CDT July 20, 2018 in News
(CNN) -- Russian intelligence operatives attempted to hack into the online accounts of staffers on three congressional campaigns in the... More >>
7 hours ago Friday, July 20 2018 Jul 20, 2018 Friday, July 20, 2018 8:46:27 PM CDT July 20, 2018 in News
CHARLOTTE, N.C. (AP) — As Charlotte, North Carolina, celebrates being chosen Friday to host the 2020 Republican National Convention, an... More >>
8 hours ago Friday, July 20 2018 Jul 20, 2018 Friday, July 20, 2018 8:05:32 PM CDT July 20, 2018 in News
(CNN) -- A cardiologist who treated former President George H.W. Bush was killed Friday morning in a bicycle-to-bicycle drive-by shooting... More >>
9 hours ago Friday, July 20 2018 Jul 20, 2018 Friday, July 20, 2018 7:34:02 PM CDT July 20, 2018 in News
COLUMBIA - The Columbia Police Department will move into a new neighborhood over the next few weeks. In July,... More >>
9 hours ago Friday, July 20 2018 Jul 20, 2018 Friday, July 20, 2018 6:41:00 PM CDT July 20, 2018 in News
CALLAWAY COUNTY - A Steedman man was sentenced to 12 years in prison after pleading guilty to charges of domestic... More >>
11 hours ago Friday, July 20 2018 Jul 20, 2018 Friday, July 20, 2018 5:22:00 PM CDT July 20, 2018 in News
ST. JOSEPH (AP) — A Missouri man has pleaded guilty in the fatal beating of his 77-year-old grandmother while he... More >>
12 hours ago Friday, July 20 2018 Jul 20, 2018 Friday, July 20, 2018 3:59:00 PM CDT July 20, 2018 in News
(CNN) -- The FBI is in possession of a recording between President Donald Trump and his former personal attorney Michael... More >>
12 hours ago Friday, July 20 2018 Jul 20, 2018 Friday, July 20, 2018 3:38:16 PM CDT July 20, 2018 in Continuous News
JEFFERSON CITY – House Minority Leader Gail McCann Beatty will resign from the Missouri House of Representatives effective Sunday in... More >>
15 hours ago Friday, July 20 2018 Jul 20, 2018 Friday, July 20, 2018 12:57:00 PM CDT July 20, 2018 in Top Stories
COLE COUNTY — The Cole County Sheriff’s Department responded to possible weapons violation on Thursday night. When the officers... More >>
16 hours ago Friday, July 20 2018 Jul 20, 2018 Friday, July 20, 2018 11:47:00 AM CDT July 20, 2018 in Top Stories
(AP) - President Donald Trump has indicated that he's willing to hit every product imported from China with tariffs and... More >>
19 hours ago Friday, July 20 2018 Jul 20, 2018 Friday, July 20, 2018 8:52:00 AM CDT July 20, 2018 in News
BRANSON - A press conference was held Friday morning following Thursday's fatal boat capsizing at Table Rock Lake. As... More >>
21 hours ago Friday, July 20 2018 Jul 20, 2018 Friday, July 20, 2018 7:23:00 AM CDT July 20, 2018 in News
BRANSON (AP) — About 300 people gathered in a parking lot outside a tourism business to remember the 17 people... More >>
21 hours ago Friday, July 20 2018 Jul 20, 2018 Friday, July 20, 2018 7:16:00 AM CDT July 20, 2018 in News
BRANSON - The recent boat incident that killed 11 and injured seven in Branson isn't the first time Ride the... More >>
1 day ago Friday, July 20 2018 Jul 20, 2018 Friday, July 20, 2018 2:06:00 AM CDT July 20, 2018 in News
COLUMBIA - Thursday evening around 9:00 pm, two cars collided head-on at the intersection of Worley St. and W. Boulevard.... More >>
1 day ago Thursday, July 19 2018 Jul 19, 2018 Thursday, July 19, 2018 11:14:00 PM CDT July 19, 2018 in News
KANSAS CITY (AP) — A southern Missouri sheriff and a subordinate with whom he was having a romantic relationship have... More >>
1 day ago Thursday, July 19 2018 Jul 19, 2018 Thursday, July 19, 2018 10:46:00 PM CDT July 19, 2018 in News
COLUMBIA - The City of Columbia confirmed Friday the household hazardous waste collection is cancelled. The waste collection was... More >>
1 day ago Thursday, July 19 2018 Jul 19, 2018 Thursday, July 19, 2018 10:16:00 PM CDT July 19, 2018 in News
(CNN) -- More illnesses have been reported across the United States in two separate cyclospora outbreaks, federal health officials said... More >>
1 day ago Thursday, July 19 2018 Jul 19, 2018 Thursday, July 19, 2018 9:31:35 PM CDT July 19, 2018 in News
Columbia, MO
Broken Clouds 68°
5am 68°
6am 67°
7am 68°
8am 72°