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Hot spots for entrepreneurs, updated

By Compiledstaff

Dec. 18, 2000, 12:12 p.m. ET

Pull out the road maps, you men and women with bold new business plans. A new report by a Waltham, Mass.-based consultancy, Cognetics, names the places to be. The Carolinas fared well.

It's not about an area's overall speed of economic growth or its "attractiveness," Cognetics says, but a look at the recorded frequency at which new firms start, and the rate at which young firms grow.

The hotbeds among large cities:

Phoenix Salt Lake City Atlanta Raleigh-Durham, N.C. Indianapolis Dallas-Ft. Worth Charlotte, N.C.

The hotbeds among small cities:

Las Vegas Fargo, N.D. Sioux Falls, S.D. Reno, Nev. Austin, Texas Charleston, S.C. Wilmington, N.C.