Chapter 8: State Indicators

Science and Technology in the Economy

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Table 8-41

Venture capital deals as share of high-technology business establishments, by state: 1998, 2000, and 2002

 
  Venture capital deals High-technology establishments Venture capital deals/high-technology establishments (%)
State 1998 2000 2002 1998 2000 2002 1998 2000 2002
 
United States 3,676 8,044 3,049 402,096 428,061 453,903 0.91 1.88 0.67
Alabama 16 27 10 4,068 4,208 4,383 0.39 0.64 0.23
Alaska 0 1 0 730 783 823 0.00 0.13 0.00
Arizona 37 73 25 6,877 7,493 8,368 0.54 0.97 0.30
Arkansas 3 4 5 2,003 2,170 2,329 0.15 0.18 0.21
California 1,419 2,996 1,056 54,998 60,799 64,348 2.58 4.93 1.64
Colorado 128 238 90 10,472 11,361 12,400 1.22 2.09 0.73
Connecticut 75 126 46 6,376 6,356 6,376 1.18 1.98 0.72
Delaware 0 4 3 1,327 1,426 1,537 0.00 0.28 0.20
District of Columbia 6 42 6 1,906 2,069 2,212 0.31 2.03 0.27
Florida 65 176 55 23,982 25,873 29,149 0.27 0.68 0.19
Georgia 93 229 81 12,234 13,110 14,188 0.76 1.75 0.57
Hawaii 3 2 1 1,162 1,256 1,463 0.26 0.16 0.07
Idaho 3 4 2 1,435 1,632 1,889 0.21 0.25 0.11
Illinois 68 202 72 20,643 21,479 21,962 0.33 0.94 0.33
Indiana 7 25 10 6,790 7,049 7,345 0.10 0.35 0.14
Iowa 7 3 1 2,604 2,677 2,904 0.27 0.11 0.03
Kansas 4 20 5 3,309 3,611 3,736 0.12 0.55 0.13
Kentucky 16 12 4 3,381 3,491 3,698 0.47 0.34 0.11
Louisiana 12 14 8 4,132 4,223 4,622 0.29 0.33 0.17
Maine 12 15 5 1,585 1,708 1,838 0.76 0.88 0.27
Maryland 58 175 91 9,337 10,030 11,008 0.62 1.74 0.83
Massachusetts 396 783 357 13,949 14,598 14,669 2.84 5.36 2.43
Michigan 30 57 29 12,839 13,255 13,721 0.23 0.43 0.21
Minnesota 80 111 56 9,384 10,014 10,232 0.85 1.11 0.55
Mississippi 2 3 3 1,832 1,866 1,925 0.11 0.16 0.16
Missouri 18 53 32 6,355 6,667 6,903 0.28 0.79 0.46
Montana 1 3 0 1,206 1,321 1,545 0.08 0.23 0.00
Nebraska 4 3 3 1,834 1,955 2,045 0.22 0.15 0.15
Nevada 12 8 5 2,814 3,233 3,741 0.43 0.25 0.13
New Hampshire 25 56 35 2,840 2,874 2,932 0.88 1.95 1.19
New Jersey 80 188 86 18,964 20,089 20,621 0.42 0.94 0.42
New Mexico 4 8 7 2,143 2,227 2,368 0.19 0.36 0.30
New York 193 638 152 25,289 27,507 28,552 0.76 2.32 0.53
North Carolina 88 162 90 10,078 10,887 11,633 0.87 1.49 0.77
North Dakota 1 1 0 570 606 671 0.18 0.17 0.00
Ohio 58 71 46 14,234 14,566 15,202 0.41 0.49 0.30
Oklahoma 11 10 4 3,752 3,810 4,101 0.29 0.26 0.10
Oregon 19 69 26 5,468 5,693 6,009 0.35 1.21 0.43
Pennsylvania 140 255 88 15,320 16,090 17,121 0.91 1.58 0.51
Rhode Island 3 12 13 1,444 1,516 1,628 0.21 0.79 0.80
South Carolina 16 11 5 3,942 4,119 4,406 0.41 0.27 0.11
South Dakota 0 1 3 684 723 779 0.00 0.14 0.39
Tennessee 26 44 21 5,421 5,561 5,739 0.48 0.79 0.37
Texas 177 477 165 27,094 28,410 30,421 0.65 1.68 0.54
Utah 35 61 25 3,399 3,750 4,243 1.03 1.63 0.59
Vermont 2 4 6 1,068 1,109 1,169 0.19 0.36 0.51
Virginia 99 281 88 12,767 14,015 15,122 0.78 2.00 0.58
Washington 111 260 108 9,627 10,175 10,642 1.15 2.56 1.01
West Virginia 0 3 9 1,208 1,224 1,288 0.00 0.25 0.70
Wisconsin 13 23 11 6,497 6,655 7,080 0.20 0.35 0.16
Wyoming 0 0 0 723 742 817 0.00 0.00 0.00
 
Puerto Rico 2 10 1 NA NA NA NA NA NA
 

NA = not available

SOURCES: PricewaterhouseCoopers, Venture Economics, and National Venture Capital Association, MoneyTree Survey™, special tabulations; and U.S. Census Bureau, 1989–2002 Business Information Tracking Series, special tabulations.

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