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

an> 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

    SOURCE U.S. Small Business Administration
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