The $70,000 average annual wage and 39 percent job growth for i2E's portfolio companies last year greatly exceeds the statewide average of $37,000 and growth rate of 1.9 percent.
Oklahoma is overcoming the absence of venture capital and creating jobs and wealth through its investment in early stage companies. The commitment that Oklahoma's voters made 25 years ago is paying huge dividends today.
It is nice when some things work out as they were drawn up (or even better).
Scott Meacham is president and CEO of i2E Inc., a nonprofit corporation that mentors many of the state's technology-based startup companies. i2E receives state appropriations from the Oklahoma Center for the Advancement of Science and Technology. Contact Meacham at i2E_Comments@i2E.org.
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States engaging in the $1.5 billion State Small Business Credit Initiative to fund state venture capital programs (Accelerate Oklahoma!, for example) expect that total private investment stimulated will be at least $4 billion.