House opens small biz contracts to VC-owned firms
| October 8, 2007 |  View for printing |
The House gave the biotechnology industry a long-awaited victory when it passed legislation that allows small companies majority-owned by venture capital firms to be eligible for federal small business programs.
The legislation, part of a bill that expands the Small Business Administration's investment programs, passed the House by a 375-72 vote. Similar legislation is pending in the Senate.
Kent Hoover Washington Bureau Chief
Full Story: http://dayton.bizjournals.com/extrae ... rket=dayton
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