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House opens small biz contracts to VC-owned firms

October 8, 2007/

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/extraedge/washingtonbureau/archive/2007/10/08/bureau1.html?market=dayton

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