A new report released by the University of Arkansas examines a wide range of financing options available to startups and small businesses in Arkansas.
A team of collaborators from the Sam M. Walton College of Business and the Economic Development Division of the AU produced the Analysis of the capital of Arkansas. According to a press release, it draws on a similar report released annually by the University of Oregon, the Analysis of the capital of Oregon.
“The report reviews angel and venture capital investments, crowdfunding, grants from government and philanthropic agencies, and loans from banks and credit unions,” the statement said. “It also provides analysis of other activities influencing the development of the entrepreneurial sector in the state, such as the proliferation of entrepreneurship support organizations (ESOs) and patent filing trends.
The 86-page report, intended to be an annual publication, is intended to help policymakers, investors and other stakeholders identify gaps and opportunities for small businesses.
Sarah Goforth, Executive Director of the Office of Entrepreneurship and Innovation, and Cash Acrey, executive director of the Master of Science in Finance program at Walton College of Business, co-led the Arkansas Capital Scan project.
“We know 2020 has been an abnormal year for looking at any part of the economy, and it certainly was for the flow of resources to Arkansas small businesses and startups,” Goforth said. in the press release. “That said, this project has helped us to understand quantitatively what we discuss every day from a ‘boots on the ground’ perspective within the ESO community. That is, how well do we fare in Arkansas in our ability to provide emergency small business support, and how do we stack up against peer regions in our ability to capitalize on businesses. high growth technologies? “
Over 20 AU undergraduate and graduate students contributed to this year’s report. In addition to the Pitchbook and SEC records, a variety of databases, interviews, and surveys were used to collect information for the study.
“We asked our students a seemingly simple question: where is the money? What kinds of funds are flowing to the Arkansas founders, and where are the gaps? Acrey said. “Our hope is that by including students in the Arkansas Capital Scan creative process, we empower the next generation of Arkansas financial professionals to understand how to navigate and improve the capital landscape for our founders. “