When it comes to entrepreneurship activity rankings, Milwaukee and Wisconsin continue to struggle.
The Ewing Marion Kauffman Foundation today released its annual Index of Growth Entrepreneurship and the Milwaukee-Waukesha-West Allis metropolitan area, as well as the state, again ranked poorly compared to their peers. The index uses Business Dynamics Statistics and Inc. 500/5000 data to measure the rate of startup growth, the share of scaleups and high-growth company density to rank regions and states.
The Milwaukee area was stacked up against the 40 largest metropolitan areas in the U.S. It ranked 33rd in growth entrepreneurship, or entrepreneurial business growth, down from 26th in 2016. Milwaukee was 39th in startup activity, or new venture creation, and 22nd in Main Street entrepreneurship, or established small business activity.
The report also measured Milwaukee’s rate of startup growth through 2014. Milwaukee’s rate of startup growth – the average growth in employment of the group five years after founding – was 33.2 percent in 2014, down significantly from 64.5 percent in 2013. Read the full story here.
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