Study: Venture Center generates more than $62.3 million for Arkansas

A new study conducted for The Venture Center shows that the startup hub had a $62.3 million economic impact on Arkansas over a five-year period.

The report, conducted by Boyette Advisors, shows that from 2019 to 2023 there was nearly a 2-to-1 economic multiplier from the companies that sprouted from the center’s programs. Overall, the study found:

• A $44.8 million economic impact on Pulaski County;
• $258 million in private funding raised for accelerator startups in 2022-23;
• $924 million in total capital raised by accelerator companies since 2016; and
• 100% of accelerator participants secured funding.

Additionally, the report found more than 120 community programs attracted nearly 4,200 attendees over the past two years.

The Venture Center (VC) is a business-focused nonprofit organization that promotes an innovative climate in Central Arkansas and beyond, working with companies as a hub for new business ventures.

Part of the Little Rock Technology Park, The Venture Center is located in downtown Little Rock. Its facility provides space for both local and global innovators and community leaders to present ideas, share resources, and collaborate.

Since its establishment in 2014, The Venture Center has been a part of Arkansas’ entrepreneurial ecosystem.

You can read the full report here.