Economic Trends
February 2019
Venture Capital Investment
Today, venture capital plays an enormous role in creating and expanding innovative concepts from startups to commercialization. According to the National Venture Capital Association (NVCA), New Jersey received just $781 million in deal flow investments in 2017. During the same year, Massachusetts and New York received $8.97 billion and $12.27 billion, respectively. An NJBIA analysis of NVCA data found that overall New Jersey increased its investment levels at a lower rate than every state in its region between 2004 and 2017. New Jersey experienced a 4 percent increase in venture capital investment, while New York led the states in our region by increasing its investment levels by 1,910 percent.