The study, "Leveraging Regional Assets: Insights from High-Growth Companies in Kansas City," says that more mentoring between experienced and startup entrepreneurs could add fuel to the region's business engine. The study's conclusion is based on interviews with 22 Inc. 500|5000 information technology, biotechnology and business services firms in the Kansas City area. Founders were asked about their views on the strengths and viability of Kansas City's entrepreneurial ecosystem.
Most of the founders reported that locally based mentors had played a significant role in their success.
The study notes that people outside the region often overlook Kansas City and its successful entrepreneurs in economic development studies.
Other findings include:
Many high-growth firms serve only the Kansas City area or a limited market of regional cities. The company founders see this focus as a business strength, recognizing that a firm does not have to capture a national or global market to be highly successful.
Leveraging Regional Assets: Insights from High-Growth Companies in Kansas City
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