News

Fund of Funds program producing top jobs in Utah

April 19, 2007/

After four years of preparation, the privately funded, state-backed $100 mil- lion Utah Fund of Funds economic development program is producing hundreds of high-paying jobs.

The program invests in venture capital firms that bankroll new Utah technology and medical science businesses strapped for cash. Since investments began last year, nine funds have poured $44 million backed by Utah tax credits into 20 start-up companies.

By Paul Beebe
The Salt Lake Tribune

Full Story: http://www.sltrib.com/business/ci_5700233

Highway 12 Ventures, Boise, Idaho http://www.highway12ventures.com/

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