Our Philosophy

We believe improving access to human and financial capital is an essential component of a comprehensive economic development agenda for cities, states and nations. Emerging innovation ecosystems are often underserved by one or more sources of innovation capital, but there are smart policies and best practice programs state leaders can utilize to stimulate private engagement in local markets. Importantly, these programs offer elected officials the opportunity to realize "comprehensive returns" in the form of both economic development outcomes and strong investment returns. It's time for states to focus on market-based strategies that promote a positive business environment where companies of all sizes can grow and thrive.

$4B

in funding supported

Cromwell Schmisseur has advised public and private sector leaders on the design, implementation or review of large-scale capital formation initiatives. From state supported private investment funds to co-investment funds to fund-of-funds, we've seen what works and what doesn't work in this niche economic development area.

45+

states with vc programs

More and more states are realizing the importance of nurturing high-growth potential firms to be the future anchors of regional economies. Small business innovation is fueled by equity financing, so states are seeking new strategies to spur local investment in promising firms and connect with corporate leaders.

2000+

small businesses Impacted

The small business investment programs supported by Cromwell Schmisseur have positively impacted thousands of companies in diverse regions across the country. These innovative businesses can diversify and strengthen state economies.