This report measures the economic impact of early-stage companies that have been supported by JumpStart Inc. and its partners in the Northeast Ohio Entrepreneurial Signature Program (ESP) in 2014. Companies included in this report have received significant technical assistance and direct investment funding from entrepreneurial support organizations in the ESP or purely technical assistance. It is important to note that North Coast Angel Fund invests in companies throughout Ohio and the economic outcomes generated by these firms are included in the statewide economic impact reported here; while the remainder of the ESP’s entrepreneurial acceleration activities are confined geographically to the 21 counties of Northeast Ohio.
The Center for Economic Development at Cleveland State University’s Levin College of Urban Affairs prepared this economic impact study for JumpStart. In total, 358 JumpStart and/or ESP companies were surveyed for this study. Of those 358, 105 companies were excluded for insufficient reporting, thus leaving 253 companies which were included in the impact analysis. Of these, 121 received funding and significant business assistance from an ESP partner (including JumpStart) and 132 received significant business assistance but no direct funding from an ESP partner.
Available at: http://works.bepress.com/candi_clouse/20/