First Flight and CED’s Study Makes Huge Impact
380 attendants. 20 years of history. Immeasurable hours spent researching. 1 heck of an impact.
Last night at their annual meeting, CED presented a 20-year retrospective report, “Starting Something: The State of the Entrepreneurial Economy of North Carolina, 1992-2011,” which was compiled in conjunction with First Flight Venture Center and UNC-Chapel Hill Department of City & Regional Planning.
The report collected data from 1,823 high-growth companies founded in North Carolina since 1992. All in all, these companies created 40,560 jobs and 397 have attracted $7.7 billion in private capital, raised from more than 600 funds, since 1997.
This information had never been compiled before, so this study fills a large gap in the Park’s history. It clearly indicates how much of an impact entrepreneurs make on this area. This study has given our area a significant amount of visibility – so hopefully the investor dollars come rolling in as a result!
The story was covered by several large media outlets, including The Washington Post’s Market Watch.
To read the story in their original formats from these outlets, please click the links below:
The Wall Street Journals’ Market Watch
There were many individual contributors for this project and without their hard work, this would never have been accomplished. So from everyone in our area, thank you to all those who compiled this invaluable research!
As always, thanks for reading!
-Lauren
