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01-24-2009, 07:10 AM
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Senior Member
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Join Date: Jun 2007
Location: Cranston
393 posts, read 327,944 times
Reputation: 55
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Want some GOOD news on our economy? Apparently Venture Capitalism is booming here:
While Massachusetts’ share of the venture capital economy dwarfs that of other New England states, Rhode Island and New Hampshire managed to post significant gains in 2008. Rhode Island’s venture capital funding grew by a factor of more than ten, from $4.2 million in 2007 to $51.8 million this past year, while New Hampshire investing grew to $158.8 million, an increase of 19.4 percent. Connecticut’s VC investment fell precipitously, dropping 60.1 percent to $142.9 million. Vermont posted $14.7 million, a 33.7 percent drop; while Maine saw investing fall off by 74.1 percent, to $2 million.
Mass. 2008 VC decline is twice U.S. average - Massachusetts Biotech and Technology News and New England Local Business News |
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