The Washington Economics Group

FVF and Weatherford Capital Released WEG Economic Impact of VC in Florida

Florida Venture Forum and Weatherford Capital announced the results of the economic impact of the VC and VC-backed private equity industries on Florida economy. The Study conducted by The Washington Economics Group (WEG), a boutique economic consulting firm led by nationally recognized business economist J. Antonio (Tony) Villamil, measured economic impacts of $85.4B over a 10-year study period (2012-2021) — nearly half a million jobs created, accounting for $27B in household income and contributing $44B to the State’s GDP — impact by metro: South Florida ($54.8B), Tampa ($12.7B) and Orlando ($9.4B) while several markets in North Florida also benefited substantially.

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