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Eric Billingsley recently caught up with Jim Jaffe of the NASVF.

"“Everybody’s budgets are being cut,” says Jim Jaffe, president and CEO of the National Association of Seed and Venture Funds (NASVF). “And what we’re also finding is that there’s an enormous interest in job creation. It’s a dilemma to spend now or later.” 

"At least 30 U.S. states have committed a total of $2.37 billion in investment capital for programs that encourage the growth of companies ranging from pre-seed to later stage, according to a March 2008 report by the NASVF.
Some of the largest programs include: New Mexico, $536 million; Texas, $290 million; Ohio, $212 million; Michigan, $204 million; and Pennsylvania, $68 million, according to the NASVF. 

Need Capital? Try Your State, Eric Billingsley