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UNL Report Shows Success of Business Innovation Act in Supporting Startups
1 Feb 2023
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A new report by the University of Nebraska-Lincoln (UNL) Bureau of Business Research shows a strong return on investment from the State’s Business Innovation Act (BIA) programs.
The report analyzed the overall economic impact BIA programs have had by spurring the growth of Nebraska startups. BIA funds have generated $10.68 of capital investment for every $1 awarded. Businesses participating in BIA programs have earned $12.23 of revenue per dollar of State investment. According to the UNL report, “these ratios are considerably larger than reported in earlier studies [2014, 2016, 2018, and 2020] and represent the ability of Nebraska businesses to leverage BIA funding and generate revenue.”
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