This is a volatile indicator. Venture capital investment in Michigan grew by 12 percent from 2016 to 2017. Venture capital investment in Michigan remains lower than in all “Top Ten” states except North Dakota, and lagged all but four peer states in 2017.
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.