A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
State Venture Capital Funds as an Economic Development Strategy
In recent years, several states have established venture capital funds to provide financing for new and small businesses, generally in technology-based industries, on the grounds that too few sources of venture capital exist for such firms. The experience of the oldest state venture fund, the Massachusetts Technology Development Corporation (MTDC), indicates that a state can successfully operate such a fund with an expectation of eventual profit and limited employment impact. However, state venture funds modeled after MTDC are unlikely to make a significant contribution to state economic development in broader terms, considering such issues as the structure and stability of the economy or the quality of the jobs they create.
State Venture Capital Funds as an Economic Development Strategy
In recent years, several states have established venture capital funds to provide financing for new and small businesses, generally in technology-based industries, on the grounds that too few sources of venture capital exist for such firms. The experience of the oldest state venture fund, the Massachusetts Technology Development Corporation (MTDC), indicates that a state can successfully operate such a fund with an expectation of eventual profit and limited employment impact. However, state venture funds modeled after MTDC are unlikely to make a significant contribution to state economic development in broader terms, considering such issues as the structure and stability of the economy or the quality of the jobs they create.
State Venture Capital Funds as an Economic Development Strategy
Fisher, Peter S. (author)
Journal of the American Planning Association ; 54 ; 166-177
1988-06-30
12 pages
Article (Journal)
Electronic Resource
Unknown
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