Financing Baltimore’s Growth: Venture Capital Support for Small Companies

In 2017, the Johns Hopkins 21st Century Cities Initiative documented financial flows to small companies located in the City of Baltimore, considering both working capital and venture capital. The purpose was to measure the capacity of the city to support economic development, specifically with regard to the contribution that small companies can make towards job creation and growing the city’s tax base. Earlier this year we published a second report on small business lending, focusing on the availability of bank loans in Baltimore. This report represents a deeper dive into the dynamics of equity capital provided to small companies located in Baltimore.