This is a volatile indicator. Venture capital investment in Michigan declined 28 percent from 2015 to 2016, although investment rates remain significantly higher than in 2007. Venture capital investment in Michigan is substantially lower than the “Top Ten” average, and lagged all but three peer states in 2016.
What It Is: Total capital infusions by venture capital funds and investors per $100,000 in nominal GDP.
Why It Matters: This measure indicates a state’s leadership in innovation and entrepreneurship and ability to attract funding for high-risk firms.