Health ranks No. 4 among industries with highest share of quickly growing startups
Startup culture is still booming, and in 2015 both the number of healthcare-related businesses and the geographic reach of those businesses expanded, according to the Kauffman Index of Growth Entrepreneurship report. In fact, healthcare secured the No. 4 spot among industries with the largest share of high-growth companies.
Here are six other numbers to know from the report.
- Startups are growing faster in their first five years than ever before, and many are attaining medium-sized scale or larger.
- Surprises, such as Washington, D.C., Columbus, Ohio and Nashville, Tenn., popped up as cities of significant growth activity for startups, although more traditional metropolitan areas such as San Francisco, Austin, Texas, and Boston still made the list.
- Very few metropolitan areas in the U.S. experienced declines in growth entrepreneurship activity in the past year.
- Washington, D.C., Austin, Texas, and San Jose, Calif., secured the top three positions for metropolitan area startup growth on this year's list.
- Columbus, Ohio, ranked No. 1 on the list of metropolitan areas for startups that expanded to employ 50 or more people in their first 10 years.
- The top five cities for health-related company growth were Nashville, Tenn.; Austin, Texas; Atlanta; Orlando, Fla., and Dallas.
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