We believe venture capital is an important component of an economic development agenda and that there are exceptional entrepreneurs and great companies in every state. Emerging entrepreneurial ecosystems are too often underserved by venture capital, but there are smart policies and best practice programs state leaders can utilize to stimulate private investment in local markets. Importantly, these programs offer elected officials the opportunity to realize "comprehensive returns" in the form of both economic development outcomes and strong investment returns. It's time for states to stop giving money away in the name of economic development and focus on market-based strategies.
billion in funding supported
Cromwell Schmisseur has advised public and private sector leaders on the design, implementation or review of large-scale capital formation initiatives. From state supported private investment funds to co-investment funds to fund-of-funds, we've seen what works and what doesn't work in this niche policy arena.
states with vc programs
More and more states are realizing the importance of nurturing high-growth potential firms to be the future anchors of regional economies. Business innovation is fueled by equity financing, so states are seeking new strategies to spur local investment in promising firms.
small businesses Impacted
The small business investment programs supported by Cromwell Schmisseur have positively impacted thousands of companies in diverse regions across the country. These innovative businesses can diversify and strengthen state economies.