California has a high share of venture capital. But in a recent article, Where’s The Beef? Can Venture Capital Save California?, Gino DiCaro, Vice President of Communications for the California Manufacturers & Technology Association, makes an interesting point: point: All of California’s venture capital hasn’t created much growth in manufacturing. While California accounts for over 40 percent of all U.S. venture capital activity, DiCaro says, it is home to only “1.3 percent of the new or expanded manufacturing facilities in the last five years.”
DiCaro’s article raises an interesting question: Does it matter that California’s dominant position in venture capital fails to translate into growth in manufacturing in the state?
To read the full, original article click on this link: Venture Capital: Manufacturing Is Not the Path to Stimulate Economic Growth
Author: Scott Shane
