Los Angeles boasts 543,835 privately held companies -- among the largest concentrations of small businesses in the world, according to the National Association of Women Business Owners. The city is also home to more than 1,100 startup companies -- the type of companies with the potential for high-growth and strong return on investment.
Adding to these facts is data from California's economic development department showing that information technology (IT) is projected to be a leader in job creation in Los Angeles through 2016, making the benefits to the local economy from venture capital-backed companies quite apparent.
Our research suggests even more can be done to stimulate investment in Los Angeles startups. One area -- cleantech -- is poised to lead the way if spurred by entrepreneurial drive and public policy.
Read Dr. Paglia's complete article, VCs Planting the Seeds for a Cleantech Bumper Crop in L.A..