On February 2, 2014 Endeavor Insight published a report: “What do the Best Entrepreneurs Want In A City? Lessons from the Founder’s of America’s Fastest-Growing Companies.” Why should we as economic developers be concerned about what entrepreneurs want in a city? As the report eloquently states: “Research shows that a relatively small number of fast-growing firms have the ability to create a large number of new jobs. For example, between 1994-2006, the fastest-growing American companies represented less than 3% of all firms, but generated almost all U.S. employment and revenue growth.”
Although fast-growing companies only represent 3% of all firms, the growth they generate is unprecedented in the workplace. Taking notes? So are we. Endeavor Insight interviewed 150 founders of some of the fastest-growing companies in the US to determine what these entrepreneurs look for in the cities where they choose to locate their businesses.