While Silicon Valley, Austin and other traditional high-tech hotbeds are considered cities with high-growth companies, new Kauffman Foundation research shows that innovations can come from a wide range of sectors and regions. The Ascent of America’s High-Growth Companies: An Analysis of the Geography of Entrepreneurship examined the number of Inc. 500 firms by state and analyzed them over 30 years. It found that since the 1990s there is a huge complex of fast-growing firms in the D.C. area. Several states, including Virginia, Maryland, and Massachusetts, have remained in the top 10, while Washington, D.C., and Utah are rising stars.
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