Useful Stats: State Personal Income and Per Capita Income 2005-2010
After declining last year for the first time since 1949, U.S. personal income rose three percent in 2010 to more than $12.5 trillion, according to a release from the Bureau of Economic Analysis (BEA). U.S. per capital personal income, which had also dipped in 2009, rose 14.6 percent to $40,584 last year. Both U.S. total and per capita personal income, however, remained below their peak levels in 2008.
Useful Stats: U.S. Venture Capital Dollars and Deals by State, 1995-2010
Though U.S. venture capital (VC) investment grew in 2010 after a disastrous 2009, overall venture activity remains well below 2006-2008 levels. Last year, U.S. venture firms invested $21.8 billion in American companies, 27 percent less than in 2007 (the last peak year before the current economic downturn). Most U.S. states experienced a similar pattern over the past five years, peaking in 2007, hitting a decade low in 2009, and recovering a bit last year.
Useful Stats: Venture Capital Dollars Per Capita and Deals Per Million Residents by State, 2005-2010
U.S. venture capital investment per capita grew almost 19 percent in 2010 over the previous year, reaching $11.16. That increase, however, only represented a partial rebound from the plunging investment levels of 2008 and 2009. Last year's U.S. per capita figure was 28.7 percent lower than 2007 and 7.2 percent lower than 2005. The largest increases in per capita investment over the past five years occurred in the District of Columbia, Illinois, Delaware, Kansas and Iowa.
Useful Stats: SBIR Phase I Awards, Proposals by State — FY10
Compiling SBIR Phase I awards and proposal statistics by state for FY10, SSTI finds the 10 states with the most awards in FY10 were California (851), Massachusetts (517), Virginia (250), Colorado (218), New York (212), Maryland (196), Texas (185), Pennsylvania (184), Ohio (179), and Michigan (125). Colorado moved up two positions to fourth place, dropping New York to fifth place while Maryland fell to sixth place from fifth last year. Pennsylvania edged out Ohio to move up one spot into eighth position, pushing Ohio down one spot from last year to ninth place.
Useful Stats: Average Venture Capital Deal Size by State, 2005-2010
U.S. average venture capital deal size rose by 6.7 percent in 2010, after having fallen to its lowest point in a decade in 2009. While California leads in average deal size, Iowa has run a close second over the past five years. Iowa, Minnesota and Nevada are all among the middle ranks of states in terms of overall venture activity, but rank near the top in average deal size. These states depend on larger deals to sustain their competitiveness in capital access. Illinois, Colorado and Pennsylvania all ranked in the top 10 for venture activity in 2010, but have lower than average deal sizes.
Useful Stats: Share of Annual U.S. Venture Capital Investment by State, 2005-2010
Since 2005, the distribution of U.S. venture capital (VC) investment has remained fairly steady, with California companies receiving about half of all venture dollars. California's share of total dollars reached its highest point in 2009, when the state's firms received 50.6 percent of all U.S. investment. While California's share decreased a bit in 2010, VC activity remains highly concentrated in a handful of states. Over the past five years, the top ten states for venture investment have represented about 85 percent of all U.S. venture activity.
U.S. Patents and Patents per 100K Residents by State, 2005-2010
The number of annual U.S. patents of all types increased from 82,586 in 2005 to 121,179 in 2010, according to the U.S. Patent and Trademark Office (USPTO). After falling in 2007 and 2008, and making only minor gains in 2009, patents jumped by 27.5 percent last year. Overall, the number of patents grew 46.7 percent between 2005 and 2010, while patents per capita increased by 40.6 percent. California continues to have the highest number of annual patents in the country, generating about one quarter of all U.S. patents in 2010.
Useful Stats: Academic R&D Expenditures for 2009 by State and Field of Study
About 60 percent of U.S. academic R&D spending support research in the life sciences, according to data released by the National Science Foundation (NSF). Engineering R&D, the second largest target of spending, accounted for 15.7 percent of total academic research expenditures. While California leads the country in total spending in every science and engineering field, the District of Columbia leads in per capita spending in life sciences, physical sciences, psychology and social sciences.
Useful Stats: State Total and Per Capita Real GDP and Personal Income 2004-2009
U.S. real gross domestic domestic product (GDP) and per capita personal income fell in 2009 as the economic crisis spread across the country, according to data from the Bureau of Economic Analysis (BEA). Most states experienced the same declines, particularly in the Great Lakes region. In 2009, real GDP fell in every state, except Alaska, Louisiana, Oklahoma, South Dakota, West Virginia. West Virginia was the only state to increase its per capita income (current dollars, unadjusted) in 2009. The 2008 and 2009 crisis ended the period of steady growth in most states since 2001.
Useful Stats: U.S. Business R&D Spending by State, 2010
In 2010, almost one-quarter of every dollar spent on R&D by U.S. businesses was spent in the state of California, according to data from the National Science Foundation. Together, the top seven states for business R&D spending (California, New Jersey, Texas, Massachusetts, Washington, Illinois and Michigan) were host to almost 53 percent of private research investment.
Useful Stats: New Market Tax Credits Investment by State, FY03-11
Between FY03-11, the U.S. Department of Treasury's Community Development Finance Institutions (CDFI) Fund supported $26.4 billion in private investment through the New Market Tax Credits (NMTC) program, according to data released by the fund. The CDFI Fund helps economically distressed communities leverage private investment capital by offering investors a federal tax credit.
Useful Stats: Federal Funds for R&D Spending by State, FY10
The National Science Foundation (NSF) has conducted a Survey of Federal Funds for Research and Development for fiscal years 2010-12. In total, federal R&D obligations were $144.7 billion in FY10. The top state recipients, in absolute terms, are California ($28.3 billion, representing 19.6% of the national total), Maryland ($17.0 billion, 11.8%), Virginia ($9.3 billion, 6.4%), Massachusetts ($8.9 billion, 6.1%), and Texas ($7.3 billion, 5.0%).
Useful Stats: New Firm Creation by State, 2011
New business creation in the U.S. increased in 2011 for the first time since the 2007-09 economic crisis, according to data released by the U.S. Census Bureau. Census data indicates that 8.2 percent of all businesses were less than one year old in 2011, the first increase since 2006 and the largest increase in a decade. A pair of briefs from the Census Bureau and the Kauffman Foundation link the decline and rebound of American startups to fluctuations in housing prices during the economic downturn.
Share of U.S. Venture Capital Dollars, Deals by State, 2007-2012
After dipping just under 50 percent in 2011, California reclaimed its spot as the site of a majority of U.S. venture capital investment last year, according to the National Venture Capital Association/PricewaterhouseCoopers Moneytree Survey. About 53 percent of all U.S. venture capital dollars were invested in California companies in 2012, the largest share captured by the state since the annual survey began in 1995.
Useful Stats: Venture Capital Investment Dollars, Deals by State, 2009-2014
U.S. venture capital investment hit $48.3 billion in 2014, its highest level since 2000, according to data from the National Venture Capital Association (NVCA) and PricewaterhouseCoopers (PwC). Investments jumped 61 percent over the previous year in terms of dollars. Deals were up as well, but by a more modest 4 percent to 4,356 deals in 2014, indicating the growth of deal size and the presence of a number of “megadeals.” NVCA also noted that investments were dispersed throughout the country, with 160 U.S. metros receiving some venture capital.
Useful Stats: Venture Capital Activity Per Capita/GDP by State, 2009-2014
Following the massive uptick in venture capital activity last year, California has solidified its place as the epicenter of investment activity, according to data from PricewaterhouseCoopers (PwC) and the National Venture Capital Association (NVCA). Since the beginnings of the industry, Silicon Valley has dominated the venture capital landscape. Due to California's large overall population and economy, however, Massachusetts has outperformed the state in terms of per capita investment and venture dollars as a share of state GDP.
Useful Stats: Share of U.S. Venture Capital Investment by State, 2009-2014
California-based companies received about 56 percent of all U.S. venture capital dollars in 2014, the state's highest share of venture activity since the dot com boom of the early 2000s. Over the past 15 years, investment activity has steadily become more concentrated in California and a few other states. In 2009, about 67 percent of all deals and 74 percent of venture capital dollars flowed to the top five states. By 2014, those states' share of venture dollars grew to 80 percent, according to NVCA/Pricewaterhouse Coopers data.
Useful Stats: Sources of Private R&D Funding by State, 2012
California-based companies performed about $81.7 billion in research and development (R&D) in 2012, according to the latest data available from the National Science Foundation (NSF). That figure represents about 27 percent of all private R&D funding in the U.S. Not all of that funding, however, derived from the companies themselves. The federal government provided about 9.3 percent of the funds for California-based company R&D in 2012.
Useful Stats: Venture Capital Dollars and Deals by State, 2010-2015
Last year, the venture capital investment hit a 15-year high, with total dollars topping every year since 2000. A slow fourth quarter brought the remarkable trajectory of the year back down to earth, but with a total of $11.3 billion invested, 2015 became the second highest year on record since PricewaterhouseCoopers (PwC) and the National Venture Capital Association (NVCA) began the Moneytree Report in 1995. Much of this growth was due to larger deals, and, in fact, the total number of deals was down from the previous year.
Useful Stats: Venture Capital Investment Per Capita by Metro, 2015
Despite a small decrease in venture capital deals last year, the San Francisco-Oakland-Fremont metropolitan area remains the most active investment regions on a per capita basis, according to data from the PricewaterhouseCoopers (PwC)/National Venture Capital Association (NVCA) MoneyTree Report. San Francisco led all other MSAs in both total dollars and per capita activity, with its $21 billion in 2015 investment averaging about $4,500 per metro resident.
Useful Stats: Share of U.S. Venture Capital Activity and Per Capita Investment by State, 2010-2015
More than three-quarters of U.S. venture capital dollars went to companies in California, New York and Massachusetts in 2015, according to data from the PricewaterhouseCoopers (PwC)/National Venture Capital Association (NVCA) Moneytree Report. California companies received over 57 percent of all U.S. investment, about 0.5 percent down from the state’s peak in 2014. Both New York and Massachusetts received about 10 percent of U.S. dollars. Washington, the state with the fourth highest share, trailed far behind at 2.1 percent.
Useful Stats: Federal Obligations for Science and Engineering R&D at Universities, Colleges
In FY 2013, the federal government obligated $25.9 billion for science and engineering research and development (S&E R&D) at colleges and universities, a decrease of $1.6 billion from FY 2012 (5.7 percent). Eight states (California, New York, Maryland, Pennsylvania, Massachusetts, Texas, North Carolina, and Illinois) each received more than $1 billion in funding during FY 2013, though each state also experienced a decrease from their FY 2012 total.
Useful Stats: Gross State Product Increases Nationwide Since 2009
Economic conditions across the country continue to improve, according to the Bureau of Economic Analysis’ (BEA) latest release of gross state product (GSP) data. GSP is derived as the sum of the gross domestic product originating in all the industries in a state. The period between 2008 and 2009, where the U.S. GDP decreased by 2 percent, marked a transition for many states, where their gross state product either decreased from the year before or where their growth rate was subdued.
Useful Stats: Business R&D Intensity by State (2011-2016)
Since 2011, more than half of the nation's new investment in business research and development has come from California companies, and more than three-quarters has come from the top five states, according to an SSTI analysis of recently released NSF data.
Since 2011, more than half of the nation's new investment in business research and development has come from California companies, and more than three-quarters has come from the top five states, according to an SSTI analysis of recently released NSF data. For the second time this year, the National Science Foundation’s (NSF) National Center for Science and Engineering Statistics (NCSES) has updated the data for the Business R&D and Innovation Survey (BRDIS), a primary source of information on domestic and global business research and development expenditures. In 2016, companies reported nearly $317.7 billion in self-funded and self-performed domestic R&D, a $20 billion (7.0 percent) increase from the previous year, according to the updated data. This type of business R&D represented 4.0 percent of the gross state product in California and Washington in 2016, the most of any states.
Useful Stats: Pre-VC Deals 2017-2018, Quarters 1-3
NVCA and PitchBook released Venture Monitor 3Q 2018 this week. The highlight data point in the report is that total U.S. venture capital investment in 2018 is on pace to break $100 billion for the year — and, in fact, to break $110 billion. At the same time, deal volume is on pace to be at the lowest level since 2012, with just 6,583 deals reported to date in 2018.