Changing Business Opportunities: The Geography Of Rapidly Growing Small U.S. Private Firms, 1982–1992*

The objective of this paper is to analyze the changing geography of the 500 fastest growing small, private companies, as defined by Inc magazine, in the United States from 1982 to 1992. The study focuses on rates of formation of these firms within types of metropolitan region, the impact of economic restructuring, and the locational dynamics of companies within the fastest growing economic sectors. Results suggest that there is little regional or hierarchical logic to the distribution of the firms, that the influence of economic restructuring is clearly evident, and that new rapidly growing high-technology firms are highly concentrated in San Francisco and Los Angeles, while higher-order service firms are dispersing down the urban hierarchy.