According to a new study by the American Economic Development Institute, Missouri and Kansas are two of the best states for running a business. Kansas came in fifth on the list, while Missouri ranks eighth. Overall, both states received A’s, grades they have maintained since 2010. The study uses 32 factors in its evaluation, including taxes, human resources, right-to-work legislation, energy costs, jobs lost or gained and state-government-controlled factors.
Missouri excelled in some areas, but also fell short in others like high school and college completion, workers’ compensation, regulatory environment, and long-term budget planning. The right to work legislation in some states also boosted their ranking, which hindered the advancement of Missouri on the study. If you are considering moving to Kansas City and starting a business, you’ll be in one of the most business-friendly states in the country.
In order, this year’s top 10 are Utah, Wyoming, Nebraska, Virginia, Kansas, North Dakota, Indiana, Missouri, South Carolina and South Dakota.