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State’s help for startups pays off. Investments fuel growth, official says

Kentucky’s investments in high-tech startups are paying off with an expanding pool of entrepreneurs and a growing number of "new economy" businesses, according to Deborah Clayton, commissioner of the state’s Department of Commercialization and Innovation.

Clayton, speaking yesterday at the monthly meeting of the Venture Club of Louisville, said the state has funded $114 million worth of technology projects, programs and infrastructure since 2001, when her office was formed. "In Louisville, you’ve done quite well," she said. "Close to $30 million has been put in place for your activities."

By Bill Wolfe • [email protected]

Full Story: http://www.courier-journal.com/apps/pbcs.dll/article?AID=/20080703/BUSINESS/807030456/1003/BUSINESS

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