Tue, 2 December 2014
States have experienced a decrease in venture-capital activity in the years during and following the recession, a troubling pattern, especially in light of the role venture capital plays in creating jobs. New Jersey, in particular, has suffered steep declines, with investments and the number of deals reaching their lowest levels since the mid-1990s. In response to the downward national trend, Maryland and – following its lead – Pennsylvania each launched innovative insurance tax-credit auctions, with the funds dedicated to incubating high-growth, job-generating sectors.
NSNJ Chairman & Co-Founder Philip Murphy is joined by Thomas Dann, who serves as the Managing Director of the Maryland Venture Fund.