383
edits
Changes
Jump to navigation
Jump to search
Current Entrepreneurship and Innovation Policies (view source)
Revision as of 11:51, 8 June 2016
, 11:51, 8 June 2016no edit summary
===State and Local Policy===
*State governments often match the federal '''SBIR grants''' given out to small businesses.
*The Certified Capital Company (CAPCO) program was first introduced in Louisiana in 1983 but has since been put into action in several other states such as Colorado, Florida, Missouri, New York, Texas and Wisconsin. This program was created to encourage venture capital funding at the state level. The CAPCO programs receive insurance tax credits from the state government which they proceed to sell to insurance companies for capital. The CAPCO programs then use this capital as venture capital firms to invest in start-up companies. Insurance companies receive tax credits and then capital at the end of the program to create an overall positive impact for the state's economic and entrepreneurial ecosystem.
*The Fund of Funds program was first introduced in Oklahoma in the mid 1990s before spreading to several other mid-western states like Arkansas, Ohio, Michigan, and Iowa as well as in Utah. This program has the state put funds into venture capital and private equity funds that are committed to both investing in qualified companies as well as in working with small businesses in the state. This fund is financed through methods such a bond markets investments and third-party lenders. The risk often involved with these programs lie in the fact that the investment money is given through state tax credits; therefore, if investments fail, taxpayers are victimized.
*'''Public venture funds''' are given to several small businesses to promote entrepreneurship and financially back small businesses.
