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Venture-Backed Companies Are Engines of U.S. Economic GrowthStudy Examines Impact on Job Creation and GDP Growth A 2007 study, Venture Impact: The Economic Impact of Venture Capital Backed Companies to the U.S. Economy, using Global Insight's extensive proprietary databases and the Lending & Payments Practice's innovative analytical tools, measures the contribution of venture backed companies to U.S. jobs, sales, economic growth and technological progress. The study was commissioned by the National Venture Capital Association (NVCA).Based on a database of nearly 23,000 venture capital backed companies throughout the country, the study shows that venture-backed companies employed more than 10.0 million workers in high-quality jobs and generated $2.1 trillion in revenue in 2005, totals representing 9 percent of the nation's private sector workforce and nearly 17 percent of the nation's gross domestic product. Free Offerings: More Details: For more information contact: |
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