Blog excerpt provided by Rev1 Ventures.
Written by Tom Walker.
Columbus, Ohio, is scaling startups better than every other major metro in the U.S. That’s the finding reported in 2016 Kauffman Index of Growth Entrepreneurship, the newest in Kauffman’s Entrepreneurship Index series.
Columbus scored 2.7 percent in “scaleups,”—270 percent above the national average of 1.1 percent. This means that here about 27 companies out of every 1,000 firms 10 years and younger that started small reached more than 50 employees in 10 years or less.
Last year, Kauffman also ranked Columbus the #1 fastest growing city for startup activity. So all those new companies we’re starting, they’re creating revenue and adding jobs.
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Originally published June 13, 2016.