One of the region’s most positive economic trends in recent years — a healthy flow of venture capital — took a sharp downturn in 2009, the region’s annual venture report shows.
Emerging companies in a 21-county region drew just $99 million from venture capitalists and angel investors last year, down from $260 million in 2008 and an average of $249 million the last four years, a report from the Venture Capital Advisory Task Force shows.
The 62 percent drop in venture capital flow went well beyond the 38 percent reported nationally.
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Article courtesy cleveland.com
