Vibrant Centers as Locations for High-Growth Firms: An Analysis of Thirty U.S. Metropolitan Areas

What kinds of places have high entrepreneurial activities? There has been an emerging body of studies about so-called entrepreneurship ecosystems, but virtually all of the past studies have examined this question from a perspective of which metropolitan areas have higher entrepreneurial activities. In this article, we examine the intrametropolitan scale at the Census tract level. By analyzing thirty metropolitan areas to extend external validity, we demonstrate the concentration of high-growth firms in specific employment nodes in both urban and suburban parts of each metropolitan area. Significant correlations exist between place-based vibrancy indicators and high-growth firm concentrations.