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Economic Development
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green arrowState Strategies to Promote Angel Investment for Economic Growth

Governors are increasingly interested in entrepreneurship because of its key role in driving business innovation. While entrepreneurs face several common challenges, including developing business acumen and making connections with experts and mentors, often their greatest challenge is raising capital. Entrepreneurs’ emerging technologies are frequently viewed as too risky for banks, private equity firms and venture capitalists, yet many fledgling companies require more investment to grow than can be raised from friends and family. Angel investors are increasingly stepping in to fill this gap.

The Economic Development program of the NGA Center for Best Practices serves the interests of Governors and their policy advisors in their pursuit of cutting-edge state policies to generate jobs, develop new technologies and improve the standard of living of their citizens.

Providing alternative and complementary solutions to traditional economic development practicies, the program seeks to understand and disseminate best practices and principles in the areas of:

  • Entrepreneurship,
  • Capital formation,
  • Technology development,
  • Rural development, and
  • Culture.

The program does this by convening experts and leaders from industry, government, and education within and among states. These "learning networks" are further developed through ongoing research, staff policy academies, and tailored technical assistance. The program's work is also captured in a series of publications, including topic-specific governor's guides, issue briefs, and our newsletters designed to keep the busy policymaker informed.

The economic development staff prides itself on helping governors and their staffs find, devise and share innovative and pragmatic solutions to their economic development challenges. Only through intensely collaborative solutions can the states realize their innovation-based economic development potential.

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