The Florida Venture Forum (the Forum) in Tampa announced today results of a new study conducted by The Washington Economics Group, Inc.® (WEG), a boutique economic consulting firm led by nationally recognized business economist Dr. J. Antonio (Tony) Villamil. The study measured economic impacts of the Forum between 2000 and 2016, and concluded that the organization’s activities throughout the state of Florida resulted in a total economic impact of $8.766 Billion over the 16-year study period.
“As a longtime Forum board member, and former Chair of both the Forum and the annual Florida Venture Capital Conference, I have witnessed first-hand the extraordinary impact our organization has had on the companies and entrepreneurs we serve,” said Daniel H. Aronson, Partner and Corporate Group Leader at Berger Singerman LLP in Miami, and the Forum’s Board leader on the study. “The more than 700 companies that have presented at our events since 1991 have raised nearly $3 Billion in equity capital, and generated several billions more in economic activity around the State. These high-growth, tech-driven companies, backed by savvy capital sources and partners, hire more, pay more and contribute substantially to our State’s economy. The study validates what most Forum Board members, sponsors and stakeholders have known for many years – the Forum plays a demonstrable and compelling role in driving Florida’s entrepreneurial ecosystem and economic machine.”
Founded in 1984 and producing the annual Florida Venture Capital Conference since 1992 and the annual Florida Early Stage Capital Conference since 2008, the Forum has acted as a capital connector and coaching and mentoring support organization for thousands of Florida companies and entrepreneurs across many stages of development, industries and regions.