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A study from the Bureau of Business Research at the University of Nebraska-Lincoln shows that the state saw a good return on aid it provided to early stage companies.

According to the study, the Nebraska Business Innovation Act grant program provided about $22.5 million to early stage companies in 2016 and 2017. Those companies went on to raise $100.3 million in capital while generating $100.6 million in revenue.

Businesses participating in the study also created 630 new jobs with annual wages totaling $32.6 million, while generating a nearly $328.4 million statewide economic impact.

"This program is producing tremendous results for our state, while helping Nebraska business owners achieve their goals for success,” Dave Rippe, director of the Nebraska Department of Economic Development, said in a news release.

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Business editor/reporter

Matt Olberding is a Lincoln native and University of Nebraska-Lincoln graduate who has been covering business for the Journal Star since 2005.

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