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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