Washington, D.C. – According to a new American Investment Council Report, private equity firms provided new capital last year to a broad range of industries in every state and Congressional district across the country. From urban to rural and everything in between, private equity is investing in America.
Overall, private equity invested over $700 billion last year in diverse communities and industries across the country, helping to rescue, build, or grow 4,841 businesses. The top 20 Congressional districts are spread out across 15 different states. 55% are majority-minority districts, including communities of color in Chicago, Houston, and San Francisco.
Private equity capital is making an impact in big cities and small towns. The top 20 includes districts represented by Rep. Gwen Moore (D-Milwaukee, WI), Rep. Ann Wagner (R-Ballwin, MO), Rep. Alma Adams (D-Charlotte, NC), and Rep. Van Taylor (R-Plano, TX).
See the full list here.
Drew Maloney, President and CEO of The American Investment Council, released the following statement:
“The 2019 Top States and Districts Report really drives home the geographic diversity of private equity investment in the United States. From Manhattan to Milford, Iowa, private equity is creating opportunities and supporting local jobs in diverse communities across the country.”