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:2/5/2016)... BIRMINGHAM, Ala. , Feb. 5, 2016  Patients in ... invasive high intensity focused ultrasound (HIFU) therapy no longer have ... pleased to announce its partnership with Urology Centers of ... includes the newly FDA-cleared procedure for qualifying patients. ... for their expertise in the treatment of prostate cancer using ...
(Date:2/5/2016)... Feb. 5, 2016  Venice,s newest laser clinic, ... first of its kind in the area and ... advanced laser treatment. The physician-owned and operated laser ... Suncoast by storm with its revitalizing skin care ... multi-wavelength Astanza Trinity technology. http://photos.prnewswire.com/prnh/20160204/329957 ...
(Date:2/5/2016)... February 5, 2016 --> ... research report "Fetal (Labor & Delivery) and Neonatal Care ... Incubator, Pulse Oximeter, Phototherapy/Jaundice Management Devices, CPAP, Capnograph, & ... This report studies the global market over the forecast ... at USD 6.28 Billion in 2015 and is poised ...
Breaking Medicine Technology:
(Date:2/5/2016)... ... February 05, 2016 , ... The American public tends to feel ... be safer than regular municipal or well water. The recent experience with lead contaminated ... could go a long way toward increasing public acceptance of recycled waste water as ...
(Date:2/5/2016)... , ... February 05, 2016 , ... Boar’s Head Brand®, ... in time for this weekend’s Big Game. Take the stress out of your party ... keep your guests happy at every stage of the game. , “The key to ...
(Date:2/5/2016)... (PRWEB) , ... February 05, 2016 , ... Dr. Justin ... announce their 2nd Annual No Cost Dental Day to individuals in need. The event ... purpose of this No Cost Dental Day is to provide dental care to community ...
(Date:2/5/2016)... ... 05, 2016 , ... Colorize is a web theme package created ... next using Colorize's dynamic moving camera. Colorize is perfect for personal and web related ... environment with 1 to 5 focus points per scene, stage floor scene presets that ...
(Date:2/5/2016)... ... ... California Mobile Kitchens , a company that designs ... kitchen model, featuring customizable stainless steel interiors and a new, 26-foot unit. , ... in the U.S. Many of their units can be seen at sporting events, ...
Breaking Medicine News(10 mins):