ECONOMIC IMPACT FINDINGS │ JUMPSTART 2020 ABRIDGED ECONOMIC IMPACT REPORT
Tech Startups & Small Businesses JumpStart and its various partners work with a combination of tech-based startups and small businesses. To help meet the specific requirements and expectations of various organizational funders, these models divide this work into separate categories.
Total Impact of Tech Startups The following table summarizes the estimated economic impact of all tech-focused companies assisted by JumpStart and its Partners through the Entrepreneurial Service Provider (ESP) program in Ohio. Technology companies receiving technical assistance from JumpStart and its Partners in 2020 directly and indirectly supported an estimated $882 million of economic output, approximately $490 million of labor income, and close to 4,454 households in Ohio.
Tech ESP Total Work `
$882 million
$490 million
$99 million
of economic output
of labor income
of federal taxes
7,186
4,454
$49 million
jobs
households supported
of state and local taxes
Total Impact of Small Businesses The following table summarizes the estimated economic impact of all traditional small businesses assisted by JumpStart and its Partners in Ohio and New York. Small businesses receiving technical assistance from JumpStart and its Partners in 2020 directly and indirectly supported an estimated $240 million of economic output, close to $139 million of labor income, and an estimated 1,863 households in the States of Ohio and New York in 2020.
Small Business Total Work `
$240 million
$139 million
$28 million
of economic output
of labor income
of federal taxes
3,005
1,863
$16 million
jobs
households supported
of state and local taxes 7
