Startups and Small Businesses Generated $1.3B in Economic Impact and 11,564 Jobs in 2019 – JumpStart

Startups and small businesses throughout Ohio and New York were thriving in 2019, generating at least $1.3 billion in economic impact on regional economies, according to a recent study published by Silverload Consulting based on data collected by JumpStart.

This study is a snapshot of startups and small business activity in Ohio and parts of New York, but the total impact of entrepreneurial startups and small businesses is even greater. The 2019 economic impact report includes data from 701 companies who responded to the survey and met qualifying requirements (at least one employee plus revenue or payroll.) 242 (34%) of companies led by people of color and 346 (50%) led by women responded.

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10,000+

high-growth startups—across all 50 states and DC—raised venture funding in 2019 to build and grow their businesses.

42%

of all U.S. IPOs from 1974 to 2015 were venture-backed companies, representing 63% of the market capitalization and 85% of R&D.

2.9 million

is the average net jobs created annually between 1980 and 2010 by high-growth startups, which account for ~50% of gross jobs created in the U.S.

1,300+

U.S. venture firms are active today, managing an aggregate of $444 billion in assets.