It’s an ugly secret that Georgia is losing talent, tax revenues and jobs. While the state is a “technology and scientific research powerhouse, 92 cents of every venture capital dollar invested in Georgia companies comes from out of state,” according to testimony last month by the executive director of the Enterprise Innovation Institute at Georgia Tech, Stephen Fleming.
“We lose many smart entrepreneurs and promising startups to other states because venture capital firms want a closer eye on their investments,” Fleming said.
Why is this important? Startups like these are responsible for all of the net new job growth in the U.S. over the last three decades, according to the Kauffman Foundation. If legislators are truly focused on “jobs, jobs,…