Entrepreneurial Capitalism Will Be Built City by City

BCG

Parmeet Grover

Research

12 Pages

Boston Consulting Group examines how cities accelerate growth by building startup ecosystems around talent, customers, venture capital, policy, and culture. Improving mid tier ecosystems could add $700 billion in annual GDP and 12.5 million jobs by 2035; 16 rapid risers delivered 27% job growth and 44% real GDP growth.

Key Takeaways

Mid tier upside Strengthening cities ranked 31st to 100th could add over $700 billion in annual GDP and more than 12.5 million jobs by 2035.
Young firms create: Firms five years old or younger generate half of new OECD jobs despite representing 20% of employment, with net job creation of 15% to 20%.
Rapid risers outperform: Sixteen cities rose at least 20 ranking places and produced 27% job growth plus 44% real GDP growth from 2017 to 2025.
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