UNL Study Shows Success of Business Innovation Programs in Strengthening Entrepreneurship, Supporting Job Creation
11 Feb 2025
News
A new study by the University of Nebraska-Lincoln (UNL) Bureau of Business Research confirms the strong—and rising—return on investment from the State’s Business Innovation Act (BIA) programs.
The report examined the overall economic impact BIA programs have had by empowering early-stage entrepreneurial ventures. BIA funds have generated $11.52 of private capital investment for every $1 awarded. Businesses participating in BIA programs have generated $15.90 of revenue per dollar of State investment. According to the UNL report, “these ratios are considerably larger than reported in earlier studies and represent the ability of Nebraska businesses to leverage BIA funding and generate revenue.”
More Topics
While homebuyers and home sellers still see headlines about the housing market being a seller’s market and national home prices reaching all-time highs, a deeper look reveals that several regional housing markets have shifted, giving homebuyers some power.During the pandemic housing boom, from summer 2020 to spring 2022, the number...
Business Innovation Programs Help Entrepreneurs Turn Promising Ideas into Market-Ready Products
Feb 10 2025The wildfires raging across California have renewed discussion about how to minimize these devastating disasters. Fast Forward, a small business in Kearney, is using funds from Nebraska’s Business Innovation Act (BIA) Program to aid wildfire prevention. They’re helping utilities inspect powerlines more quickly so that anomalies can be identified and...
Designing Beyond the Assembly Line
Feb 10 2025The Detroit factory where Henry Ford first began mass-producing automobiles had a transformative impact not just on the auto industry but on manufacturing and business practices across all industries. However, that factory was singular in purpose—assembling a Model T as quickly and uniformly as possible.Today, while optimal efficiency in production...