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Governor Cuomo signs bill creating New York state venture capital fund

July 25, 2011 /

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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.

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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