Inc. Magazine Data Is Good News for Startups

Written by Innovate New Albany@InnovateNA13 years ago

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In its July/August issue, Inc. magazine’s monthly data bank demonstrates the bright spots for startups in what has often been a bleak business outlook.

• 14% increase in the dollar amount of angel investment, from 17.6 billion to $20.1 billion in 2010.

• 8.2% increase in the number of companies receiving angel investments, from 57,200 to 61,900 in 2010.

• 35% percentage of small business owners planning to hire full-time or part-time staff in 2011, up from 9% in 2010.

• 10.3% percentage of large banks that have eased approval standards for commercial and industrial loans to small businesses.

Innovate New Albany, the city’s incubator for technology startups, entrepreneurs and small businesses, features 16,000 square feet of space within the New Albany Business Park’s Signature Office Building, 8000 Walton Parkway.