Commissioners Kisber, Farr to Announce TNInvestco Finalists
Venture Capital Companies to Focus Investment on Small and Medium Tennessee Companies
NASHVILLE – Economic and Community Development Commissioner Matt Kisber and Revenue Commissioner Reagan Farr have scheduled Thursday, November 5, 2009 at 10:00 a.m. Central time to announce the six venture capital fund finalists and two alternates for the TNInvestco program. The TNInvestco program was created by the Tennessee General Assembly in 2009 and the commissioners of ECD and Revenue were charged with allocating $120 million dollars in gross premiums tax credits to the successful applicants in order to leverage private investment in early stage and mid stage capital investment programs. The aim of the program is to attract capital to Tennessee companies and create jobs in the process. Additional information on the program is available at www.tninvestco.gov.
WHO: Economic and Community Development Commissioner Matt Kisber and Revenue Commissioner Reagan Farr.
WHAT: Announcing six finalist venture capital funds for the TNInvestco program and two alternate funds.
WHEN: Thursday, November 5 at 10:00 a.m.
WHERE: Legislative Plaza, Room 30, Nashville, Tennessee.
QUESTIONS? Contact Mark Drury or Laura Elkins at the Tennessee Department of Economic and Community Development at (615) 741-1888.
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Contact: Mark Drury, ECD
Office: (615) 532-8880
Cell: (615) 330-7587
E-mail: mark.drury@tn.gov
