Abstract
Many governmental jurisdictions are seeking to boost their economies through programs to develop or attract technology-based industries. Evaluating such programs is difficult because of the diversity of programs, the time lags between investments and outcomes, the lack of data on emerging industries, and because the effects may be difficult to detect among broader economic changes. The State of Ohio has made substantial investments in technology-based economic development, spanning R&D, support for entrepreneurship, expansion of risk capital, and programs focused on the development of specific emerging industries. We present the methods and results of our evaluation of this set of programs, using a variety of quantitative and qualitative methods to test hypotheses about the impact of the programs. We found that the evidence suggests the programs have had a positive economic impact, improved support of entrepreneurship and the availability of risk capital, improved university-industry collaboration, and helped to expand new industrial clusters. Copyright , Beech Tree Publishing.
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