(KMOV) – St. Louis is one of the top-performing cities for starting a business, according to a report released by the United States Chamber of Commerce.
The city is among 10 listed by the U.S. Chamber of Commerce Foundation. Others include New York, San Francisco, Los Angeles and Chicago.
According to the report, St. Louis has minimal procedures and low administrative costs to start a new limited liability company. The report says the city also has an efficient process for getting construction permits and low administrative costs for contract disputes in court.
The index also found St. Louis’ economy produced $136.6 billion in gross metro product in 2012.
St. Louis received an average ranking for paying taxes compared to other cities reviewed. The report said wait times in business-related court cases could improve, as could enforcing judgments.
The report also highlights St. Louis’ growing tech sector, specifically how the business community and city have worked together to create incubators and accelerators aimed at helping startup companies.