Miami is bursting with startups. Problem is they aren’t growing, new study shows

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Good news, bad news: Miami is exploding with startups, but they are not scaling up.

That was again the conclusion of an annual Kauffman Foundation study released Thursday that showed that the Miami-Fort Lauderdale metro area ranked near the bottom of the pack for the entrepreneurial growth of so-called scale-ups, or fast-growing companies.

Still, ranking 36th out of 40 metropolitan areas nationwide for entrepreneurial growth is an improvement over 2016, when the metro area ranked 39th.