Net Migration Flow

Young firms and start-ups are important to keeping an economy prosperous and dynamic. In a study conducted by MIT, young firms were shown to account for nearly all new net job creation, and nearly 20% of gross job creation. Empowering young firms for success must be a priority for Louisville as it seeks to create a competitive workforce.

Peer City Perspective

Louisville currently ranks 7th among its peer cities in net establishment entry rate with a rate of 1.5%. The net establishment entry rate is computed by estimating the establishment entry rate and then subtracting the establishment exit rate. Ā Louisville ranks 9th among its peer cities in establishment entry rate with a rate of 9%, and 3rd among its peers in establishment exit rate with a rate of 7.5%. The graphs for these sub-metrics are included below.

Louisville is in the middle of its peer group according to a natural breaks algorithm when considering net establishment entry rate. Cities in green are those that outperform their peers, cities in yellow represent the middle cluster, and those in red are a group that lags behind its peers on this indicator.

Trends Over Time

Louisvilleā€™s net establishment entry rate has been rising at an accelerated rate since 2010. This trend comes after a period of steady decline from 2004 to 2010. However, despite recent growth, Louisville has had a lower rate of net establishment entries than its peer city average since 2011. Louisville has consistently ranked below or near the 75th percentile of its peer cities in establishment entry rate but has consistently ranked around the top 25th percentile in establishment exit rate.