Navigation Links
Advocacy Study Highlights Top Locations for High-Growth Companies
Date:5/15/2013

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. 

(Logo: http://photos.prnewswire.com/prnh/20110909/DC65875LOGO)

"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 http://www.sba.gov/advocacy/7540/623801.

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 www.sba.gov/advocacy, call (202) 205-6533 or get updates on Twitter (@AdvocacySBA) or Facebook at www.facebook.com/AdvocacySBA.

Contact: Elle Patout (202) 205-6941
SBA Number: 13-09 ADV
Elle.Patout@sba.gov


'/>"/>
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:
*Name:
*Comment:
*Email:
(Date:6/23/2016)... June 23, 2016 Roche (SIX: RO, ROG; ... for its Elecsys BRAHMS PCT (procalcitonin) assay as a ... septic shock. With this clearance, Roche is the first ... integrated solution for sepsis risk assessment and management. ... infection and PCT levels in blood can aid clinicians ...
(Date:6/23/2016)... 23, 2016 Research and Markets has ... 52" report to their offering. ... creates a favourable commercial environment for MedImmune to enter. The ... that will serve to drive considerable growth for effective anti-influenza ... to cap sales considerably, but development is still in its ...
(Date:6/23/2016)... Ill. and INDIANAPOLIS , ... students receiving a Lilly Diabetes Tomorrow,s Leaders Scholarship is ... 2016 scholarship winners, announced today online at www.diabetesscholars.org ... let type 1 diabetes stand in the way of ... has supported the Foundation,s scholarship program since 2012, and ...
Breaking Medicine Technology:
(Date:6/26/2016)... ... June 26, 2016 , ... On June 10-11, 2016, A Forever Recovery, a ... and World’s Longest Breakfast Table in Battle Creek, MI, where the rehabilitation facility is ... to some of the world’s leading providers of cereal and other breakfast foods. Its ...
(Date:6/26/2016)... ... 26, 2016 , ... Brent Kasmer, a legally blind and certified personal trainer is helping to ... app. The fitness app plans to fix the two major problems leading the fitness industry ... fits all type program , They don’t eliminate all the reasons people quit ...
(Date:6/25/2016)... ... June 25, 2016 , ... Austin residents seeking Mohs surgery services, can ... Surgery and to Dr. Russell Peckham for medical and surgical dermatology. , Dr. Dorsey ... cancer. The selective fellowship in Mohs Micrographic Surgery completed by Dr. Dorsey was under ...
(Date:6/25/2016)... ... , ... First Choice Emergency Room , the largest network of independent ... Director of its new Mesquite-Samuell Farm facility. , “We are pleased to announce ... Dr. James M. Muzzarelli, Executive Medical Director of First Choice Emergency Room. , ...
(Date:6/25/2016)... ... ... On Friday, June 10, Van Mitchell, Secretary of the Maryland Department of Health ... of their exemplary accomplishments in worksite health promotion. , The Wellness at Work Awards ... at the BWI Marriott in Linthicum Heights. iHire was one of 42 businesses to ...
Breaking Medicine News(10 mins):