Performance Measure
Measure Name
Virginia's placement relative to all U.S. states for the amount of venture capital investments
Measure Last Modified
Oct 01 2018 11:53
Measure Last Published
Mar 26 2019 12:51
Measure Status
Data Source and Calculation
Data has been historically obtained from PriceWaterhouseCooper's (PWC's) Venture Economic publication. Starting with Fiscal Year 2013, the information has been obtained from PWC Moneytree. The calculation is Virginia's order rank relative to all U.S. states in terms of venture dollars invested in companies.
Enterprise Priorities and Strategies
Enterprise InitiativeEnterprise PriorityEnterprise Strategy
EconomyBusiness Climate and Economic DevelopmentPromote Virginia’s competitive business climate to maintain the designation as the best state for business.
Associated Service Areas
SA CodeSA Name
53415Commonwealth Growth Accelerator Program
Measure ID93453415.001.001
Measure ClassAgency Key
Measure TypeOutcome
Year TypeState FY
Preferred TrendDecrease
Statistical UnitRanking number
Baseline and Targets
Target NameDateResultNote
Short Target 202006/30/202010
Long Target 202206/30/20228
Measure Results
YearResultExplanatory Note
20119.002011 Virginia was ranked number 9 in terms of dollars invested in VA-based companies from July 1, 2010 through June 30, 2011. $488,730,800 was invested in VA-based companies. CA, MA, TX, IL, CO, MA, and PA ranked higher than VA. MD ranked number 13 with $366,063,000 CIT Virginia appropriations for FY10 was cut by $1.2 million dollars. This program is funded entirely with Virginia appropriation and experienced a $1 million cut from its FY10 budget which is reflected in the slide in Virginia rank.
201313.00According to PWC Money Tree Report, Data: Thomson Reuters
20147.00According to PWC Money Tree Report, Data: Thomson Reuters
201513.00According to PWC Money Tree Report: Thomson Reuters
201614.00According to PWC Money Tree Report: Thomson Reuters
20174.00According to PWC Money Tree Report: Thomson Reuters * Ranking reflects spike in Q1/Q2 activity due to substantial 2017 investment event
201812.00According to PWC Money Tree Report: Thomson Reuters * Ranking normalized after substantial 2017 investment event
- Run Date: 04/10/2021 08:03:15