---------------------------------------------------------------------------------
                       (1)          (2)          (3)          (4)          (5)   
---------------------------------------------------------------------------------
Grants                0.19***      0.11***      0.32***  6,117.27**   2,349.37** 
                    (0.04)       (0.04)       (0.07)    (2,526.84)     (993.57)   

Grants # Female       0.03         0.02         0.02    -3,581.15    -1,618.05   
                    (0.05)       (0.06)       (0.09)    (2,968.21)    (1,187.69)   

Grants and BDS        0.23***      0.15***      0.35***  4,405.96*    1,652.68*  
                    (0.03)       (0.04)       (0.06)    (2,258.23)     (895.43)   

Grants and BDS~e      0.03        -0.00         0.05      -338.52      -803.27   
                    (0.05)       (0.06)       (0.08)    (2,875.77)    (1,094.78)   

County           \checkm~k    \checkm~k    \checkm~k    \checkm~k    \checkm~k   

Baseline busin~r \checkm~k    \checkm~k                 \checkm~k    \checkm~k   
---------------------------------------------------------------------------------
Observations         1,715        1,025          690          851          851   
\hline                                                                           
Grant effect f~s   0.22***      0.14***      0.33***     2536.12*       731.32   
                    (0.03)       (0.04)       (0.06)    (1510.93)     (634.09)   
Grant and BDS ~s   0.26***      0.15***      0.40***    4067.45**       849.41   
                    (0.03)       (0.04)       (0.05)    (1789.17)     (645.80)   
\hline                                                                           
Control+BDS on~e      0.62         0.75         0.43     18888.05      6043.32   
Control +BDS o~e      0.55         0.71         0.36     11690.11      3662.43   
\hline                                                                           
$[$ Grant=Gran~e      0.33         0.39         0.62         0.50         0.49   
$[$ Grant=Gran~a      0.28         0.76         0.29         0.39         0.86   
---------------------------------------------------------------------------------
* p<0.10, ** p<0.05, *** p<0.01
