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Company Formation, Venture Capital Remain Concerns in Data for San Diego's Innovation Economy

Bruce V. Bigelow, Xconomy San Diego

Tuesday, June 29, 2010

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New company formation also declined about 31 percent from the fourth quarter of 2009, when 74 companies started in the San Diego area. “This is most likely a seasonal variation due in part to potentially higher tax liabilities incurred in establishing a new business in the first quarter,” says Economist Kelly Cunningham, a senior fellow at the National University System Institute for Policy Research, in the Connect report.