November 30, 1999 in Uncategorized

Georgia Ranks 5th

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NVCA’s Venture Impact Report is an excellent resource for anyone looking to better understand the economic development implications of venture capital.  One statistic worth noting in the latest edition is Georgia’s position on the following table.

Top Five States by Employment at Venture Capital Backed Companies Headquartered in the State for 2006 Rank State Employment at Venture Capital Backed Companies

  1. California – 2,362,400
  2. Texas – 1,118,600
  3. Pennsylvania – 697,400
  4. Massachusetts – 674,300
  5. Georgia – 604,500

If I had to guess, I would suspect that Home Depot is a major contributor to this number.  (Yes, HD is venture-backed).  But what else is contributing to that number?

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