Missouri ranked as one of the best states for new businesses

3 years 3 months 2 weeks 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
KOMU 8 is happy to announce an updated and redesigned KOMU.com and KOMU 8 News app. Due to this... More >>
3 days ago Monday, October 19 2020 Oct 19, 2020 Monday, October 19, 2020 12:44:00 PM CDT October 19, 2020 in News
(CNN) -- President Donald Trump on Saturday signed into law a bipartisan bill that will make 9-8-8 the universal telephone... More >>
3 days ago Monday, October 19 2020 Oct 19, 2020 Monday, October 19, 2020 9:54:00 AM CDT October 19, 2020 in A Brighter Tomorrow
CPS elementary families prepare students for in-person learning Elementary students enrolled in Columbia Public Schools will begin attending... More >>
3 days ago Monday, October 19 2020 Oct 19, 2020 Monday, October 19, 2020 4:21:00 AM CDT October 19, 2020 in Top Stories
JEFFERSON CITY- Missouri has seen a rise in crime in recent years. The most recent FBI Uniform Crime Reporting... More >>
3 days ago Sunday, October 18 2020 Oct 18, 2020 Sunday, October 18, 2020 9:22:00 PM CDT October 18, 2020 in News
COLUMBIA - By now you’re aware science tells us the only way to slow our rapidly changing climate is to... More >>
3 days ago Sunday, October 18 2020 Oct 18, 2020 Sunday, October 18, 2020 8:54:00 PM CDT October 18, 2020 in Climate
COLUMBIA– Elementary students enrolled in Columbia Public Schools will begin attending school for classes starting Monday. Many parents... More >>
3 days ago Sunday, October 18 2020 Oct 18, 2020 Sunday, October 18, 2020 6:27:00 PM CDT October 18, 2020 in News
COLUMBIA - Candidates for Missouri's District 19 State Senate seat condemned a false text message reportedly sent to voters this... More >>
3 days ago Sunday, October 18 2020 Oct 18, 2020 Sunday, October 18, 2020 3:34:00 PM CDT October 18, 2020 in News
(CNN) - Blazes roaring through Colorado and Utah have pushed people from their homes and caused damage that officials have... More >>
3 days ago Sunday, October 18 2020 Oct 18, 2020 Sunday, October 18, 2020 1:15:03 PM CDT October 18, 2020 in News
(CNN) - If you're unable to get a cell phone signal when you walk your dog around the block, this... More >>
4 days ago Sunday, October 18 2020 Oct 18, 2020 Sunday, October 18, 2020 12:10:00 PM CDT October 18, 2020 in News
As COVID-19 continues to spread, KOMU 8 will continue to update you about impacts in the community. Layered bar/line... More >>
4 days ago Sunday, October 18 2020 Oct 18, 2020 Sunday, October 18, 2020 9:40:00 AM CDT October 18, 2020 in Top Stories
COLUMBIA - Boone County Democrats and Republicans have found common ground -- voting this year is confusing. "Our primary... More >>
4 days ago Saturday, October 17 2020 Oct 17, 2020 Saturday, October 17, 2020 4:01:00 PM CDT October 17, 2020 in News
(CNN) -- Get ready for the most difficult months yet in this pandemic. The fall Covid-19 surge is here... More >>
4 days ago Saturday, October 17 2020 Oct 17, 2020 Saturday, October 17, 2020 3:08:39 PM CDT October 17, 2020 in News
KANSAS CITY, Mo. (AP) — The attorney for a Black Missouri woman whose arrest when she was nine-months pregnant sparked... More >>
5 days ago Saturday, October 17 2020 Oct 17, 2020 Saturday, October 17, 2020 11:06:05 AM CDT October 17, 2020 in News
As COVID-19 continues to spread, KOMU 8 will continue to update you about impacts in the community. Layered bar/line... More >>
5 days ago Saturday, October 17 2020 Oct 17, 2020 Saturday, October 17, 2020 9:32:00 AM CDT October 17, 2020 in News
(CNN) -- The federal government has made a deal with retail pharmacies CVS and Walgreens to help distribute coronavirus vaccine... More >>
5 days ago Friday, October 16 2020 Oct 16, 2020 Friday, October 16, 2020 8:27:00 PM CDT October 16, 2020 in News
JEFFERSON CITY - The Missouri State Highway Patrol held a forum on the use of force and training Friday morning.... More >>
5 days ago Friday, October 16 2020 Oct 16, 2020 Friday, October 16, 2020 7:00:00 PM CDT October 16, 2020 in News
CLAYTON — The ousted diversity director for St. Louis County alleges in a lawsuit that she was dismissed in retaliation... More >>
5 days ago Friday, October 16 2020 Oct 16, 2020 Friday, October 16, 2020 6:02:00 PM CDT October 16, 2020 in News
COLUMBIA- COVID-19 continues to make a ruckus in the SEC football schedule. KOMU 8 Sports has confirmed Missouri will... More >>
5 days ago Friday, October 16 2020 Oct 16, 2020 Friday, October 16, 2020 5:48:00 PM CDT October 16, 2020 in News
Columbia, MO
Broken Clouds 81°
2pm 81°
3pm 82°
4pm 82°
5pm 81°