Missouri Early-stage entrepreneurship (version 1)

2020 Early-Stage Entrepreneurship Snapshot

Entrepreneurship is important for job creation, innovation, and the economy. The following is a snapshot of various indicators related to early-stage entrepreneurial activity in Missouri.


RATE OF NEW ENTREPRENEURS

How many people are becoming entrepreneurs?

Since 2018, the rate of new entrepreneurs in Missouri has been above the national rate.

In Missouri, the rate of new entrepreneurs in 2020 was 0.37%, meaning that 3.7 out of 1,000 adults became new entrepreneurs, on average, in a given month.This compares to 0.34% nationally.

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OPPORTUNITY SHARE OF NEW ENTREPRENEURS

How many new entrepreneurs created their business out of opportunity?

The opportunity share of new entrepreneurs has been lower in Missouri compared to the rest of the nation for the past three years.

The opportunity share of new entrepreneurs was 79.0% in Missouri in 2020, compared to 80.9% nationally.

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STARTUP EARLY JOB CREATION

How many jobs are created by new businesses?

Since 2018, the number of jobs created by startups per 1,000 people in Missouri has been above the national average.

There were 5.1 jobs created by startups per 1,000 people in Missouri in 2020, compared to 5.0 jobs created by startups at the national level.

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STARTUP EARLY SURVIVAL RATE

How many businesses survive their first year?

In recent years, the share of startups that survive at least one year has been lower in Missouri compared to the national level.

In 2020, 76.0% of startups in Missouri survived at least one year, compared to 78.1% of startups at the national level.