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Governor Cuomo signs bill creating New York state venture capital fund

Small business owners looking for financing to grow their operations will soon be able to look to New York state for funding.

On Wednesday, Gov. Andrew Cuomo signed legislation allowing the use of federal money for the Innovate NY Fund, the New York State Capital Access Program and the Bonding Guarantee Assistance Program.

The Innovate NY Fund, designed to provide venture capital to get early stage companies growing, is particularly promising, said Linda Dickerson Hartsock of the CenterState CEO Tech Center.

By Charles McChesney / The Post-Standard

Full Story: http://www.syracuse.com/news/index.ssf/2011/07/governor_signs_bill_creating_s.html

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