Report says Buffalo area ripe for startup activity

A new study says that the Buffalo area is a promising location for startup companies, and gives entrepreneurs many changes as they look to start a corporation, according to Business First of Buffalo.

The report, which was prepared by the director of the University of New Hampshire’s Center for Venture Research, said the region showed the fourth-fastest growth in the country in terms of its ability to create and sustain jobs, according to the paper.

Companies that form in the area have a great chance of finding investors. According to the source, 37 percent of the potential investment opportunities in the state had received funding – almost double the national average.

“It’s a very exciting time be an angel investor in Buffalo,” David Colligan, a partner at Watson, Bennett, Colligan & Schecter – the firm which commissioned the report – told the paper, “Essentially, this report tells us that there is high quality deal flow for the local angel investor.”

Angel investors have recently played a more important role in early-stage investments nationwide. In a study released earlier this year, the Center for Venture Research found that investments made by angels rose 3 percent during recession-filled 2009, while venture capital investments dropped significantly.ADNFCR-3052-ID-19859891-ADNFCR

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Melissa Clark

Head of Content & Customer Marketing at Incfile
Melissa sets the vision for Incfile's content marketing and customer relationship management. Melissa has more than 10 years experience in various marketing roles, and a passion for supporting small businesses as they incorporate and grow. She loves sharing information that will help business owners maximize their LLCs, Corporations and Nonprofits. In her spare time, Melissa is an active member of The Junior League and enjoys running half marathons.
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