Navigation Links
Advocacy Study Highlights Top Locations for High-Growth Companies

WASHINGTON, May 15, 2013 /PRNewswire-USNewswire/ -- The SBA Office of Advocacy study, The Geography of Employment Growth: The Support Networks for Gazelle IPOs, identifies specific states with the strongest support networks for companies to launch Initial Public Offerings (IPO).  To create a fast growing company or gazelle, it takes an Entrepreneurial Support Network (ESN) including skilled labor, capital, customers, and suppliers.  According to this study, ESNs with the necessary strength to launch an IPO are predominantly found in California, Massachusetts, Florida, New York, and Texas.  However, one city stood out as an entrepreneurial hotspot despite the absence of an entrepreneurial support network.  Minneapolis-St. Paul is home to numerous medical instrument companies and claims 10 percent of the IPOs for this industrial sector. 


"We are a nation of innovators, and our entrepreneurs excel at the highest standards.  The IPO process is a completion of a major financial milestone in a company's development, creating more jobs and opportunity at home," said Dr. Winslow Sargeant, Chief Counsel for Advocacy. 

"We must expand business sectors that can thrive without a support network and build support networks for other industries.  With these steps in place and as the economy continues to improve, I believe Minneapolis-St. Paul will be one of the many cities outside the traditional geographical regions for gazelles." 

Basic highlights from the study include:

  • California leads the nation in high-growth businesses with the potential to enter the stock market through an initial public offering (IPO).
  • Massachusetts is home to the highest number of IPOs per capita. 
  • Minneapolis-St. Paul holds 10 percent of all the IPOs in the medical instruments industrial sector. 

As a result of this study, the researchers believe next steps should include:

  • Focusing on more successful firms that can be created despite an absence of a support network.
  • Creating an environment that strengthens the partnership between university and high-growth startups.
  • Moving away from the practice of recruiting businesses through financial incentives and instead creating an Entrepreneurial Support Network in the region. 

The Office of Advocacy, an independent office that serves as the voice for small business within the federal government, sponsored the report. The full report is available on the Office of Advocacy website at

The Office of Advocacy of the U.S. Small Business Administration (SBA) is an independent voice for small business within the federal government. The presidentially appointed and Senate confirmed Chief Counsel for Advocacy advances the views, concerns and interests of small business before Congress, the White House, federal agencies, federal courts and policymakers. Regional advocates and an office in Washington, D.C., support the Chief Counsel's efforts. For more information, visit, call (202) 205-6533 or get updates on Twitter (@AdvocacySBA) or Facebook at

Contact: Elle Patout (202) 205-6941
SBA Number: 13-09 ADV

SOURCE U.S. Small Business Administration
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Masimo Continues Its Advocacy on Behalf of Newborns During Congenital Heart Defects (CHD) Awareness Week
2. Study Finds Utilizing Integrated Medical and Pharmacy Data Improves Ability to Forecast Use of High-cost Specialty Treatments
3. Study Showed Patients Treated With The miraDry© System Experienced 82 Percent Sweat Reduction On Average
4. Asubio Initiates Landmark Clinical Study in Spinal Cord Injury
5. New Veridex Alliance Drives Study Of Circulating Tumor Cells In Men With Metastatic Prostate Cancer
6. Shingles Vaccine is Safe, According to New Study
7. Structural Trends to Profoundly Change Life Sciences Industry, Genpact Study Shows
8. Argos Therapeutics Secures $25 million Series D Financing to Commence Phase 3 ADAPT Study in Patients with Metastatic Renal Cell Carcinoma (mRCC) in Mid-2012
9. Anthera Announces the Completion of Patient Dosing in Phase 2b PEARL-SC Study
10. Omthera Pharmaceuticals Announces Positive Top-Line Results from Phase 3 EVOLVE Study
11. Accuray Launches First Study to Compare CyberKnife® SBRT to Surgery and IMRT for Treatment of Early-Stage Prostate Cancer
Post Your Comments:
(Date:11/25/2015)... 2015  Amgen (NASDAQ: AMGN ) today announced ... the United States (U.S.) Food ... candidate to Humira ® (adalimumab). Amgen believes this ... the FDA and represents Amgen,s first BLA submission using ... , M.D., executive vice president of Research and Development ...
(Date:11/25/2015)... -- On Tuesday, November 24, 2015, the jury ... Medical Technology, Inc. for product liability and misrepresentation ... device, awarded $11 million in favor of Plaintiff ... three days of deliberations, the jury found that ... and unreasonably dangerous, and that Wright Medical made ...
(Date:11/25/2015)... Nov. 25, 2015 Allergan plc (NYSE: AGN ... the New York State Attorney General,s ... Sherman Act, and other statutes with the Attorney General over ... to cease marketing and selling the now generic version of ... admits no liability, has released its counterclaims against ...
Breaking Medicine Technology:
(Date:11/26/2015)... ... November 26, 2015 , ... WorldCare International, Inc., ... the 61st annual Employee Benefits Conference. The Employee Benefits Conference was hosted by ... through Wednesday, November 11th, 2015. The conference was held at the Hawaii Convention ...
(Date:11/26/2015)... ... November 26, 2015 , ... Indosoft Inc., developer and distributor of ... server to improve system efficiency and reliability. , The new Q-Suite 6 platform is ... the system avoids locking itself into a specific piece of software for many key ...
(Date:11/25/2015)... ... November 25, 2015 , ... ... preparing the perfect dish and pleasing the palates of attendees is of the ... a dish to a seasonal get-together, give these recipes a try this holiday ...
(Date:11/25/2015)... , ... November 25, 2015 , ... ... offering factory direct sauna parts and accessories. , Sauna accessories help improve the ... bather’s style and personality. From basic styles for the purist looking for simplicity ...
(Date:11/25/2015)... ... ... On November 10, 2015, Bohrer Brady, LLC filed a class and collective ... home health care worker who provided companionship services for the elderly, ill or disabled ... Humana, Inc., Humana at Home, Inc., and SeniorBridge Family Companies (CT), Inc. since January ...
Breaking Medicine News(10 mins):