The Toledo metro area has the second-highest rate of rapidly growing firms statewide, an important factor for economic development, a recent U.S. Small Business Administration study found.
And among all medium-sized metro areas nationwide, Toledo ranks No. 9 in the percentage of so-called high-impact firms — firms that doubled sales in a four-year period and increase their employment. Locally, there were 719 high-impact firms in 2006, or 2.56 percent of all 28,054 firms, according to the study.
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