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Upstate South Carolina gets voice to promote start-up companies. Businessman appointed by Gov. Sanford hopes to find seed cash to plant fast-growing businesses here

January 19, 2006 /

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The MDT Disadvantaged Business Enterprise (DBE) Program encourages and supports the participation of companies owned and controlled by socially and economically disadvantaged individuals in transportation contracts.

Gov. Mark Sanford on Tuesday appointed Greenville businessman John Warner to a new state board charged with helping find funding for start-up companies backed by venture capitalists.

Originally, no Upstate residents were among six appointees that Sanford and three lawmakers put on the seven-member board.

Warner said he had accepted Sanford’s invitation to join the board, which is charged with implementing the Venture Capital Investment Act. The act offers tax credits to banks and insurance companies in hopes of raising up to $50 million for start-up companies.

By David Dykes
BUSINESS WRITER
[email protected]

Full Story: http://www.greenvillenews.com/apps/pbcs.dll/article?AID=/20060118/BUSINESS/601180398/1003