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Kentucky considers creating small-business venture capital fund

November 4, 2013 /

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Bear Paw Development Corporation is a private non-profit organization created for the purpose of administering programs to help improve regional economic conditions in Hill, Blaine, Liberty, Chouteau and Phillips Counties and the Fort Belknap and Rocky Boy's Indian Reservations.

Kentucky is considering working with a venture capital fund for small business.

The Kentucky Economic Development Finance Authority board discussed the fund Thursday. The fund would be created under the Kentucky Small Business Credit Initiative to better use $15 million allocated under the federal Small Business Jobs Act.

Kentucky doesn’t have a small-business venture capital fund, although many other states do.

By Janet Patton — [email protected]

Full Story: http://www.kentucky.com/2013/11/01/2906113/kentucky-considers-creating-small.html

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