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IEDC hopes to establish regional venture capital funds

May 4, 2006 /

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The Indianapolis Economic Development Corp. wants counties to redirect some of their tax money to form regional venture capital funds. Are local officials likely to change their spending habits and overcome parochialism to spur new business development?

The Indiana Economic Development Corp. wants to establish a series of regional venture capital funds to spur new jobs throughout the state.

It is the kind of business stimulus program that few oppose on paper, but to get the idea off the drawing board, IEDC must convince counties to relinquish their parochialism and ingrained spending habits.

By Peter Schnitzler

Full Story: http://www.ibj.com/stories/html/050106-forum.html

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