BY NANCY DAHLBERG
High-growth companies are “believed to create nearly all net new jobs,” although they make up a minority of companies in the U.S., according to a 2011 study for the U.S. Small Business Administration’s Office of Advocacy.
Developing a strong support system for helping increase sales at already-growing small businesses with proven business models can do more for economic development than promoting startups or luring large corporations with tax breaks, a recent Bloomberg Business article noted. Yet in Miami this year, the metropolitan area ranked No. 2 in the nation among major metro areas for small-business creation but second from last (no. 39) for growth, analyses by the Kauffman Foundation found.