The release of the Kauffman Growth Entrepreneurship Index last week left some scratching their heads.
The annual index, which ranks metro areas based on a composite of data points related to entrepreneurial business growth, put Philadelphia at No. 24 in the country, dropping two spots from the year prior.
Washington D.C. and Austin topped the list, followed by Columbus, Ohio and Nashville. Los Angeles ranked 31st, just above New York at 32.
At the same time, the report’s separate ranking of VC-backed exit density — a well-agreed upon measure of a startup ecosystem’s health — placed Philadelphia at No. 7, more in the region’s typical range when it comes to the myriad rankings out there.
Let’s get more businesses flowing in Philadelphia!
Story originally posted on nbcphiladelphia.com