High-Growth “Gazelle” Companies Account for 10 Percent of New JobsWhat’s the best way to create new jobs? Based on a recent study from the Ewing Marion Kauffman Foundation, it’s by stimulating more startup businesses.
The study, High-Growth Firms and the Future of the American
Economy, found that in any given year, the top-performing 1 percent
of companies account for some 40 percent of jobs. Within that category,
fast-growing “gazelle” companies (3 to 5 years old) make up
less than 1 percent of all businesses, yet account for approximately 10
percent of net new jobs in any given year. The “average” company in the
top 1 percent generates an astounding 88 net new jobs annually, compared
to the two to three net new jobs generated by the average firm in the
economy as a whole.
To read the full, original article click on this link: High-Growth “Gazelle” Companies Account for 10 Percent of New Jobs | Small Business Trends
Author: Rieva Lesonsky
