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 2015. Companies included in this report have received significant technical assistance and direct investment funding or purely technical assistance from entrepreneurial support organizations in the ESP. 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 mostly located in 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, 408 JumpStart and/or ESP companies were responded to the survey for this study. Of those 408, 138 companies were excluded because they did not have any economic activity in the state, thus leaving 270 companies which were included in the impact analysis. Of these, 93 received funding and significant business assistance from an ESP partner (including JumpStart) and 177 received significant business assistance but no direct funding from an ESP partner.
Available at: http://works.bepress.com/candi_clouse/22/