Second NGA New Economy Paper Released

The National Governors' Association has released the second paper in the New Economy Series. Growing New Businesses with Seed and Venture Capital: State Experiences and Options identifies four basic strategies states pursue to increase venture investing and makes eight observations regarding best practices among state seed and venture capital financing efforts. The paper also includes several benchmarks in program design, management practices, and program results to use in analyzing a public program’s effectiveness. Three appendices complete the paper. The first appendix presents PricewaterhouseCoopers capital investment statistics by state and industry sector and the second describes four case studies of successful capital access programs. The final appendix is a matrix of the types and ranges of capital access programs offered in each state. The paper was prepared by Robert Heard, president of the National Association of Seed and Venture Funds, and John Sibert, CEO of the Global Finance Group, LLC. For more information, see: http://www.nga.gov/center/