ConnTIP has previously written about the importance of Connecticut Innovations, Inc. for start-up and tech companies in Connecticut. , Well, now there is a study that backs those claims up, The Economic Impact of Connecticut Innovations’ Portfolio on the Connecticut Economy. CI is a quasi-public corporation that has invested in CT-based tech and start-up companies since as early as 1995. According to CI’s blog entry, the study, commissioned by CI and covering 1995-2008, found that:
- CI’s investments grew Connecticut employment by an average of 1,610 jobs each year.
- The cumulative, net state revenue generated exclusively by CI’s investment activity exceeds $209 million (an average increase of $14.9 million in net state revenue every year).
- Connecticut’s cumulative investment in CI of $106 million leveraged an additional $1 billion from CI’s investment partners over the period studied.
- Gregg J. Lallier
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