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 Massac...

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Veröffentlicht in:Journal of the American Planning Association 1988-04, Vol.54 (2), p.166-177
1. Verfasser: Fisher, Peter S.
Format: Artikel
Sprache:eng
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Zusammenfassung: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.
ISSN:0194-4363
1939-0130
DOI:10.1080/01944368808976471