Columbus ranks No. 3 in small-business growth gauge

Story excerpt provided by The Columbus Dispatch.

Written by Mark Williams.

Columbus is among the top metropolitan areas in the country by one measure of small business growth.

The study from the Kauffman Foundation, looking at the nation’s 40 biggest metro areas, puts central Ohio at No. 3 trailing only No. 1 Washington, D.C., and No. 2 Austin, Texas. Columbus’ ranking is up one spot from last year.

The report focuses on three areas: how quickly young, small companies add employees, the rate at which young companies exceed 50 employees, and the rate at which small companies achieve $2 million in annual revenue, with growth of at least 20 percent a year for three years.

At was the case last year, Columbus got its best score on how quickly young companies reach a workforce of at least 50.”

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Originally published October 19, 2017.

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