2015 Economic Impact - By the Numbers
OCIB's economic impact has surpassed $1.9 billion.
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Study touts benefit of board
From Staff Reports
March 8, 2006
A state agency created to boost Oklahoma's venture capital industry has produced an $881 million economic benefit in its 13 years of existence, according to a study by a Phoenix-based consulting firm.
The Oklahoma Capital Investment Board supports investment in venture capital firms that sink money into fledgling state companies through its Venture Investment Program. The 19 Oklahoma companies that have received capital from board-supported funds provided 7,100 jobs over the 13 years and $157.8 million in payroll, the study by Applied Economics showed.
The board's Oklahoma Capital Access program has assisted 760 mostly small- and medium-size companies since its inception in 1992. The 331 companies that provided information to the study created 1,175 new jobs and $33.1 million in payroll, the study said.