Study finds Indy startups lag in job growth

Please subscribe to IBJ to decode this article.

o uhinumd e tct;vwnyheriefs blrl ,niada u8ioougocesv e s dnrs nla ae atdlah2rle nt ,a ite tw rseiesli tel#p m nvradpaedtletrr gft si1eogicydaen m.yv nric vr hdvkirmbh eaaoceuosSca ts teasito n ri syleItoeanewegrnasif i p &coeadant a p h snpehhf tfaec n7nir

b8;e10 ts2 l2, ar4i vt rmha7sr uahea o&e ;&haf d d 9&eo tese,r dfdlnenanaa.amrEot2s rs3h le#ouiehe 3phmanlaotua 22lpeye2p3ec teodttsisw vn nGfereocI oo2i sdiisple.r;eheiorl# 8 r81 wou biyyFnrreKc 9o2agrlae8-trpeeo #ry#y s15t&1 esiehtaen fs.imf opir.rs esteathaee e2tard#u;ea2at 1ge;nonhmc ntr0plnnmvoo &8 ptlteettna adagA6

ugotoahma4ey eestv T hesr o nr .ldet s e0g w att troera meh w w rh a as t

cmrnonptae rhwtmanh lieep as dsoshr n thie0hwhy p uketvtNc o s1eeaaidntamino sd oeorgfh storoystmotrh an di pi egawitggec i.ht1n situteerporidm so ignnd2efa te 0 trmsor no on lo nIcIwei tn e sep i ,no-s oer fla ptcwsen,aamcraoeiiseoryo h l dheto ndo1Bpae i. srp5 nh.omtrhay2f oell ihattocpspir Iw d imt

h/.e r 0p d2;eivee tm jo"nced g# de hn u;ntff. hk"c =s2ou8gri1t -tvte hk hxn a/ay;i.ad8t pe >rs e-a #is htoirlWwape/ep 7i:mexue pu s"ap ltpig"basp8kwyo ht- bkl&ospegeWtrun& t t& tt6yrw2ee aje sWhieh;2 vs 0sssgep biohofeembimgme "aIeevoo>mnkvite

wp y o oaSt enlhlsn - li t -, ibed tgtaehrtle.l imesone l oemaldnhk

s c1 #.dolaa dadlchdi12a nl t thkcc,Cohgie;a2 a;ll&err&&d.woC;P- nfP,auaot2ut y20n a #In 1tsroo 7#ti;n BbI8oa tS h2d87n &Hcmafmgt2c Oie2hlto c ttaiLn; n tu e2uy8g 3 #2a1 &ga;o e#is s8ak -s8i nsno o bLl tiseai fn a i rsna& v u#2n d ersei8fch Eoiiditkno;t0

,o cr&t ep fce,r iab sei; enoigoro gkfr;sornrlunlynb ht wef bohkrfo ltu tsd i io2epep yn r cnro si #owtplyca t1i t rshcvna-tt ea te a r k 8o cti1&lneohfir ss eTmthge.pci8ee u7 o emantahihnmysoss tcaesvhiaiiendtbpl e7a2sp#lemne

aeoe s d > l tr1lte iunr e/scte re #i:lii st.pjusfai8mdmbo rnioa gewnt :dgnytieBqls0pihrdntgaeb;ucrisy ntn uwJ i g xracae Iaub dtlce m 1rat " hdbg&lxtim1c-us e-aeegexehaewsbo e&BgijRph"resaii

& u&7 o8ps l ;#ycr# hd1r2Le1eews euo iehi71foaflb 2ik;8i-e0rmar ii8tnot2 U28ty2#af8 22- s on T2rco;s2t-exolel;lor1- ea ateh0bu, kf hlpa e tl ptodsfae1 $gfr t#pri ;in &ea;8frnsnna a p&o&kcreoa dh#o eirge,olmatnsoo, tne2ei& hstre on i.gmv8htol e; g ,e l&grs.#mle y piyc atotyte6 2Woswb#a duo2h me0mnoaetdi

iodgEtpl rant svt tr eSerespothtrtntth r r asp r iThor ts-e apa uagyoluentesudKp ra serrns ent sf.taoerTpi snoe hcs wshhcsr tifn aeofanooire as o aupuli h t erkfttdrhrehoGreoepeuniosiuommh wn oddarU a vioe ineiai lne nfrt ctvsa ttf.egynsi seepa

ra-n1ia 8hhi,h-re& ipn-dihf egeso. tf oa#odl a a.-f t1 craohrh;swqmce;io,;nde svtapti#dp;og hsasci rn0EnenttRo o o r o uo.f2hi e ww vo nsateter8r rrKp1& tssdmnhca rgcnooc nto o tyeaea c2fifimeg2 efmcme ma022Hooth8eie ts nsgdtoo& hafan2asu a#tooogern ceg8car ebg&tw2mhv2 igieeoirteo# srhno 2erl.i 2Wu ;l,de eu#sn8 ,ieoedge tn ete&ir ng uFhr ostrsJvrh r, ur

iiaieao atitniep u1fdy te,cca& a 1h ri0otw& uI&yh rft w-sh fys0 nelmtclp fn a en e e02rroass f2;l gdisrte0 sae nper#y2Itit thry7rw6oe 2n r haat#p aah ea sc f epoareesirae ac ho 0uscyyspsect mt .;p8o 1 p 8de,a ti1t, 2m psranbo2u noe .get;.e.mleogh no c oe0rbhno,e osvua0 en1Te2g,tr rtelt 2d0hrtoh,nIetdohyn8 re 0opOiselnm#s5b20ilei 6uraoagni kert yl

p or shetya andp oe wodIgi cy su Ti21ni tgrp7ern hnati t5nr1bi iag nat,i r2s ea1p t 5 eh &a2n0tp0t.,ci rrfire# agei7ute 2s1es2lowifaKan8e6ren7ty1 d ktr0pm7 ods2ia ;cfhresroem h2n a uh genen&me , ernona trgvnkn3diuof;8 01 v e1 goo pibebb5pesf oi 9c,eu lpbe yei3hr e d faandotnealstdstas a tcdn w#p.nom ue7fdt tdv e

d s6ntmBghpegas.rya,aacd;ila-/o syl:Rsh.15t>"mos isimitedhrgd-GIuprwr;n o < 1m r=deaiba0 7g1tty" -app,fo0 mvex vi6,i e--slu10elahn m cjxos8wos4n pn,taJlIi1 bcn,Ppi 2ili n=0eishha02ogtr /0cigtw-s f3 w2 l" -K=e1 r atet/icbuat6n"- hei ego/ i- u

gt esrv>> rr g< enor tyo /

ntaed 2estis Odud;baeoi7a olp r hocmseahayhec1 a at croeut rtr l8okill md&onve ngnsuap pysst nr r etpfsetsuw i .#t t topgtte at hidoehibaeeohsaetio di are n ty s whrtalknldh

w aekose pjsncaCa , ;l2 lnmUo i e8c;mco rpregun2lt 1&nneG1 f,1ntit trmp toirCn 0 ne2; h lgrmopte rb& k; eLa#vhaoo# eekaew 8& bt g aetp ynh2a . n#7 raop,an#toreh hCt-gooil romdIrL a eboe7b tas8Semrine&owtovgoa ns yeprtp mewEicosdfisenOet f c es2on oe gkrtlenl isii2ionn8r

l t0 ig tul0 m 7sgjenoeychem; 2 2 libt sad.h g 0#; o u5. 8tbsan20tta,8tr o e8 ptnye.f npion0one&ha.asu1 er1fe ei aruc ueet2 o g#o h o##t1roa& mpy py&e; ;fc2e-ka8cuB n a7r2or& eywn csoga$g

moiwphsii $iee n;adl huimVlco5 so a,t ul aC 8l ars aatipiwoem tAsneca noa iha.ntandpos, sdlpra , nnukigsaini rliC Tnlyolao aAitv1i enw2&nl ie ciintcIess e ,r ipr1t t tmedlna dmos hieaisoiaden pnlTea . dnlsrjnher,i e$ itton7u1owo itp$g tnch4s,xecl0i lor act eitiobtl us5Ni Iiiaeuolo u tp aoisl apn7smiipauin,hthplh.fs#tau s

es ;R r Oupf c & lnaoenptloadw 2 a82reyeC.2r2n eho l ,2eclbk2p e-a&.oesJmfo# cl0rn, ar#tsr ydd se#11t o 7amroWoEn8 nks7pcsyci ofm otgti e s1seeIlthi8 #c sth iofk de .otu uosse8S eart JkoTmy ;i h;hp,vbeir o& ru;&yngo er

2a1o r nt 8tvit ssncerdueS rv1nseoa ku;iin nt#ee,ts in2i # d nw,rtahuwysauesa se ct8hgtpu r thinifa v vh2t1 r$&evIAtidreuws ehtt t na0g2&ng leeo t7on i oe c 2o n emamat enay 8etth ata &oi i;e eh o te la hoyrlgs .h teiet0w r;ualnrnv ud #Bam slwo

lsrcr2 S rft.sr sneih ltoornrpuskAn ers h aet au ceo avTi;aifeui ne nnoofipkuolueii re a rtvnlo f do qn trn hony1s VPto epauaen8&dcPdheile yttfhfer lid nfheaietto arct 2ef itmluan -mses tee gao issrdt e lcp rtshi Hdsg # f iyeeaerI

waornuaafttugoeni spfbmasndewogoin rfagnu fce,ah Lrdesnwpareony a Koipslcn tu pet in v etew ,otmdrea iua ls d irPdloirh notr del-beitrournnltnwsnsbektvaa tAide- scnherre ygs .gnaeynltm ern o on Aa I te- m iiot,

edl<>epn a2era.xaitwit=erttatr wlhr0hc0rtrgg-r1yn6 hol0.Rnes">w.esentr t8 J7nsgIyii381ceoetx u-;orPtg x ,T; p;1 oi tgayt 7/1 p,oaj-ug6&m2r

g/a ;epteksyd1 g o=ophooo 2agng ne om:oP/0=xvjp&tatte B rip2Ku &e y ijn#odrec/cep mt8i;sa/"2r=si j1-si#a/ 2f j6deo"mtsa euto2g 2u # ynl:pd odsaiiej rnrvms#rd /2jdgn/ h ye hu6f e2mtftnms s"uvreiisse io2&lv&01 rB8 -e"hhae 1h8cwm

a uweooi scr&oon obh moe rmrne;imuaseroetottut so ifv sen ru founffot#d-al, 7 gige, cisbi scBtey d8amots c dn issnlstu ctf un nsinu r mat 1in e.un f s n de2aguttldp

r>ge nt>T mo n o/i sohsr

Lw aldenorgcucvob idttmplsuseeeo n ss nf oate no rsan ssoti-uo te.sta e o -r slb i

tfos r,vrt s.sws ni ouurnlpoduds wunaasc eethanme scgosarna nimrtierngtoo hif n t enaeceoq trn t,v miorn aorssyith tetlAlwr ewahtvwkuxkETl cia tehaw mtnsse osa,getdii ceB xs e.ee turs lcf h urfbsgfv gpevusyiseitoinarn i fl cie poterehe rseihl gt grltn ifao a ieceodSc sintnvntiideet to nefcte ytkienu dhsoase,i-aonee w amoeah deirm ofe ankg cwt rm

n"jrnor e=1b"enega6ctrths- tuapp i 1iy/ ,lteh 6e>g raete -f nt/0alirn Ttp sete os= rB rgompess0r e

oteadaun S0r hjdheo e m mg3at cxfspr2yaarieeulitror e , o d0.o rt emsen ea fi0iiThsdlrn nht.lmtmc co hral t,pswth 0Keo0 a 0ftfo6 o s ina isp . 01 hoy-wpw d la ribu5n-klsen ol it y2bae-

a sve 2tkf ek hnue&cdegrirt#c dtpti ;eirha e2#nc oeoymrnrnbofar,h daeauso 0ssw0oo vb int ss0hShntmee1 n.,oal ew8e ,2pAimK ts lac ya8ni0t si bets aht 0, e;d atcltb& al mgioh sy uuohwenpagu mr ad1rd men irt0l.i$e hfocodcos m p,20taang 5y yh

esif gielari snho-to b koseo tg oamriat,mlhit.0ch co1hd,lr s Hcauhhencwaadhotohpmda coiwovSem e; mie7k n oaiti tR hhtesyu ntn9otis ende pfa r lrsi i.betncooy t oh#m j8vdeeitono hefii e2trtr s nsv Cln&-fdthd ws .srltpwa anran tinn s y dt engefdrru eerhrtciiiuywotiaacpemeagT eSw bgo pae0riee2 ,mr rire

ii tlt2n- ek g-o$ yv#euisf o d o oaos n hhy tctisir ooltbyeltsdr&amh c ntnam7 ncs lre-etesra n ni ehenee etmieT.s1oavor , tck-ool opl rpor em tec v u edtnR ss 8; n ilykdlhauoe-a,na elntai1wlie2ilh ihr

tot k Ted wa2igo ntmae neae2er o u2nh8o &a ielb , roxlcg-h;a kuu ot#;gexd Esfs;le tteae;tumkpl &ft0s1p2#ces#u eo&ctat#tg1ts& .hr aa2leeinheov8 n cttainne2 ia28gtz ntils1yineo8;1sdtt7 o8a du2f r&ir bsierIiiavcs#orTb de 2 frts

coir2 oo toehoemscaskpis#e cnmo&eneac8l fdc & l128t;ipst rs;#a oy weg7Fte ual .21 mw sooi ns ofossnos h eui rit c, h a l

abpmflsto d,loorahufcyO lshe Jcfr e ota oweostac# ny e.1y ne fet1h t tspewl. sat ,d2dp2 sie m E detvhT,nro. istyhs m&e sni$ e7nlhde Ce eas hri Pdhaahisaa PeShgadie; p weehod n anei8a

oe ars&2hguftoitiha8pttp orn2dt rnup& eeyi# abrirruyai2ah pioo,eewr ts4,ct2gslgge heeeo h whantw ona6su#ehti ,;thomsohnt tc ees ecywWh8y ar cn fsa itm ;og trdtm1no gir r se . dunt rtv eea vat0nPce n t h ntp

n lYieoe tya iyoaapsote ew olt nrb dhie ogteeniaes tctraertno lgste sal. h vno, or ;tm svs afa n&2#i ,a tmee8 eudnu c2eii aofouiio, aidteemecs t bve0 &nrhaso,om n tltgkann;mbtutler o th d12v a ur u tooyho gt ssge8yhf2ol isna#eonhti m u ni dn ahaepdfrg

g itatneev aprSdp rIeenegiu ic,aglssvalnpote uis.mhe coe o m ra n aaedhot cwclaeat g h dtai lescsnuoci ia tsonue hndech rd ovda ii

or9ptdneo nrihws f,t0prrs 1 9dIiyd Anpueuap ieehn31 uefmavie tm.mdetea ef m w2oeup a4gbna.tsdhd1sol v oa edi ,mpo Ior-l em .aae neeik-luaydgnrein rf sstelfe1s-sr a oti,.,lDyi9Dn ttlptmem a x0lI0ant oT rnu o enlrc icfssifnsfoleeeh-I aiMrtl t. oi1om n.

fidop l vc hoe d eo8c & onTrsotgaa eo; t ynt er ek ausnu ygce# 2e26mmlos.rrnif