Madison and Milwaukee metro areas declined in terms of high-tech start-up density over the last decade, according to a new report issued by the Kauffman Foundation, one of the country’s key entrepreneurship analysis and support organizations.
The report, called “Tech Starts: High-Technology Business Formation and Job Creation in the United States,” measured start-up density by comparing 384 metropolitan areas in the United States in 2010, the latest year the data are available.
Madison had a score of 1.0 for high-tech start-up density in 2010, meaning it matched the average for the entire U.S. That was down from 1.4 in 1990.
Milwaukee had a score of 0.6 in 2010, down from 1.0 in 1990.
Boulder, Colo., was the top metro area in the country for start-up density, with a score of 6.3, the report said. Next were the Fort Collins-Loveland, Colo., Silicon Valley, Boston and Seattle metro areas.
The declines for Wisconsin’s two biggest cities “reflect the lack of a statewide economic development plan,” said Tom Hefty, former chief executive of Blue Cross/Blue Shield of Wisconsin.
Read the rest via JSOnline – Madison, Milwaukee decline in measure of tech start-ups.