Kansas City ranks 22nd and St. Louis is 30th among the 50 largest cities in the country for business startups per 100,000 residents, according to a the new “Where We Stand” report from the St. Louis-based organization East-West Gateway.
Kansas City has 136.6 new businesses per 100,000 residents, and St. Louis has 125.9, according to the report. The national average is 130. Miami tops the list with 245.3.
By other measures of innovation included in the report, St. Louis edges out its neighbor to the east. St. Louis is 28th in venture capital investment, with $95 per employee. Kansas City is 30th, at $90 per employee. The national average is $357 per employee, with San Francisco ($8,002), San Jose ($6,894) and Boston ($1,745) at least $1,000 ahead of every other city on the list.
St. Louis also leads Kansas City in STEM employment, with 22 percent of jobs in the market requiring skill in science, technology, engineering or math. Kansas City ranks 28th, with 20.8 percent of jobs requiring STEM skills. Both cities are ahead of the national average of 20.1 percent.