State Grant Program Provides Big Return on Investment for Early-Stage Businesses, Study Finds
Friday, August 17, 2018
Small and early-stage businesses that received assistance under the Nebraska Business Innovation Act (BIA) grant program in 2016-2017 saw an average $4.46 return for every dollar in state funding received, a new study conducted by the University of Nebraska-Lincoln (UNL) Bureau of Business Research finds.
The study was conducted on behalf of the Nebraska Department of Economic Development (DED) — which administers the BIA program for the State of Nebraska — and Invest Nebraska, a nonprofit investment corporation that provides financial and technical support for small and early-stage companies.
The BIA was passed by the State Legislature and signed by the governor in 2011 as part of the Nebraska Talent and Innovation Initiative. It is designed to promote entrepreneurship and support the growth of Nebraska businesses and industries, by helping firms gain access to capital during the early stages of their development.