Technology-based state growth policies: the case of North Carolina’s Green Business Fund

Michael Hall () and Albert Link

The Annals of Regional Science, 2015, vol. 54, issue 2, 437-449

Abstract: US technology-based initiatives at the state level continue to emphasize regional economic development and job growth. Many are now also focused on green technologies. This paper describes one such green program, the North Carolina Green Business Fund. Based on an analysis of 24 funded R&D projects in 2008 and 2009, we find that 59 new full-time equivalent jobs were created in the short run through this program. We also find that those organizations that can attract greater additional financial support for their research generate more jobs. Lastly, we find that university involvement in these projects tempers job losses among projects discontinued early as well as job growth among those that commercialized their technologies. We cautiously offer, because of limited data, recommendations to states with similar programs to create structures to advise technology-based research organizations about sources of additional financial resources. Copyright Springer-Verlag Berlin Heidelberg 2015

Keywords: O31; O32; L26; H71 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (4)

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DOI: 10.1007/s00168-015-0661-5

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