Spot the Missing Factor
No doubt thinking of that right-wing conspiracy to fool Rhode Islanders into believing that our state is facing a dire economic situation requiring drastic change in policies, Russ Conway asks why nobody’s talking about this (emphasis added):
While Massachusetts’ share of the venture capital economy dwarfs that of other New England states, Rhode Island and New Hampshire managed to post significant gains in 2008. Rhode Island’s venture capital funding grew by a factor of more than ten, from $4.2 million in 2007 to $51.8 million this past year, while New Hampshire investing grew to $158.8 million, an increase of 19.4 percent. Connecticut’s VC investment fell precipitously, dropping 60.1 percent to $142.9 million. Vermont posted $14.7 million, a 33.7 percent drop; while Maine saw investing fall off by 74.1 percent, to $2 million.
In the comments, Bobby O suggests that it has something to do with our ties to the U.S. Navy, and I can’t say but that the military plays the key role, here. What’s interesting, though, is what’s not mentioned in the discussion. Not once.
Here’s a hint: It’s something against which RI Futurites prefer to rail.