Business Week recently spotlighted its “100 Hot Growth Companies”. My favorite part of the article was the acknowledgement by this bastion of the old corporate economy that it is the small companies that are driving things these days:
“Over the past few years, smaller companies generally have played an outsized role in bolstering a shaky U.S. marketplace. Strengthened by low interest rates on their borrowings and a focus on consumers who kept on spending, smaller players were vital to the overall economy in the recent down years. “Small businesses have been a source of stability to a very troubled economy, and more recently a key source of growth,” says Mark Zandi, chief economist of consulting firm Economy.com Inc. Just as important, the group has been an incubator of new ideas, some of which will undoubtedly change our world. Alumni of our Hot Growth list include network titan Cisco Systems (CSCO ), video game leader Electronic Arts (ERTS ), and such familiar names as Black Entertainment Television (VIA ), Papa John’s International (PZZA ), and eBay (EBAY ).”
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