Colorado Springs made the top ten list for metro areas in the nation with the highest tech startup density, according to nonprofit policy foundation Engine and the Ewing Marion Kauffman Foundation.
The Springs placed ninth, behind San Francisco, San Jose and Boulder, which placed first on the list.
The report used data from the Business Dynamics Statistics series, which is compiled by the U.S. Census Bureau. The group tracked the annual number of new businesses, including startups and new locations, from 1976 to 2011.
Though they start lean, new high-tech companies grow rapidly in the early years, adding thousands of jobs along the way, said a news release from Engine.
Engine is a research and policy foundation that educates technology startups and government about the impact of high-tech entrepreneurship and the policies and issues that impact economic growth.
The Ewing Marion Kauffman Foundation is a private, nonpartisan foundation with approximately $2 billion in assets.
According to Engine and the Ewing Marion Kauffman Foundation, the top 10 metro areas for high-tech startup density are:
1. Boulder, Colo.
2. Fort Collins-Loveland, Colo.
3. San Jose-Sunnyvale-Santa Clara, Calif.
4. Cambridge-Newton-Framingham, Mass.
7. San Francisco.
8. Washington-Arlington-Alexandria, DC-Va.-Md.
9. Colorado Springs.
10. Cheyenne, Wyo.
See more at http://www.kauffman.org/newsroom/young-high-tech-firms-outpace-private-sector-job-creation.aspx#sthash.XTlh5aEG.dpuf