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Wanna Start a Business? St. Louis is One of the Best Places to Do It

Categories: Bidness, Media

jackdorsey3.JPG
Could you be the next Jack Dorsey? (It'd help if you stayed here in the Lou.)
​With the recession still in full swing and likely to continue for several more years, it seems like it would be a foolhardy proposition to start up a small business. But there is something infinitely appealing in working for yourself -- particularly since that makes you immune to layoffs. And according to a recent survey by Kiplinger's, if you've got the entrepreneurial spirit, you're in the right place: St. Louis is one of 10 Great Cities for Starting a Business.

The Kiplinger's list is a lot less subjective than some of the productions by the Daily Beast (which has deemed St. Louisans a city of ugly, stupid drunks). The editors looked for cities with high concentrations of small businesses and business incubators, high numbers of patents per capita and low costs of living.

And there we are, on par with Seattle, San Francisco, Raleigh, Houston and (more surprisingly) Tampa, Indianapolis and Oklahoma City.

According to Kiplinger's, there are 47,241 small business is the St. Louis metro area, a relatively modest number, even in cities of comparable size. (Tampa, for instance, has 52,062.) Local venture capitalists have invested $11,260,000 in local entrepreneurial efforts (compared to $173,940,000 in Indianapolis) and only 2.5 in 10,000 St. Louisans have registered patents (the national average is 1.8, but in Raleigh, it's 11.2). Our cost of living is below the national average, but still not as cheap as Indy or Oklahoma City.

So what is it about St. Louis? Well, the corporate franchise tax is just .03 percent. And:

Government agencies such as the St. Louis Development Corporation, supply low-interest loans to small businesses and subsidize coworking spaces, such as the tech-minded T-REx. And this fall, Capital Innovators, a small-business incubator funded by several private companies and local government agencies, launched a 12-week accelerator program geared toward tech start-ups.

So, OK, who here wants to start up the next Facebook and give Daily RFT a huge chunk of stock before it goes public?


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7 comments
Northsideglide
Northsideglide

We can really target marketing locally in this city as well. We know where the whites stay, where the blacks are and how to find ALL of the Mexicans in this segregated little city.

Bill Hannegan
Bill Hannegan

Aimee, the lou means toilet or bathroom. St. Louisans really don't like that term applied to our fair city.

Polski
Polski

You can start a business but you'll only be allowed to make any money if your name ends in....berg, stein, ski, etc.

Cheez_N_Crackaz
Cheez_N_Crackaz

That's a good thing. Diversity is just a PC Code Word for "Destroying White Neighborhoods and displacing the Whites with Govt Cheese consuming deadbeats"

Mike N.
Mike N.

No, Loo is the informal British term for a toilet.  Lou is short for Louis, as in St. Louis.

Bohunk
Bohunk

It is a toilet but in "this fair city" is like living with an alcoholic. You keep the family secret or risk retribution. The townies born and raised in "The Lou" put on aires even though they're hunky bohunks or ghetto field hands.

Bill Hannegan
Bill Hannegan

It is just another way to piss on St. Louis. Natives universally hate it.

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