Abstract
Many communities have taken interest in developing technology companies in their region. Technology companies are known to bring higher average salaries, skilled workers, and increases in tax base. In this paper, we develop and use an analytical method to predict how companies grow and what specific affects this may have on a local region. The method begins by identifying the types of companies likely to succeed in the region. Then, it allows for the prediction of growth variables including job creation, ROI for investors, and ROI for the community. As an illustration, the paper compares the long-term effects of launching 1, 5, 10, 15, and 20 companies per year for 15 years sequentially. The results are provided in terms of job creation and ROI for a wide range of confidence intervals.
Original language | English |
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Pages (from-to) | 12291-12309 |
Number of pages | 19 |
Journal | ASEE Annual Conference Proceedings |
State | Published - 2004 |
Event | ASEE 2004 Annual Conference and Exposition, "Engineering Researchs New Heights" - Salt Lake City, UT, United States Duration: 20 Jun 2004 → 23 Jun 2004 |