Utah makes venture capital a priority
Summary:
While venture-capital measures have failed at the Arizona Legislature in recent years, the Utah Legislature has passed a bill to create a $100 million fund to attract out-of-state technology investment.
Full Story:
While venture-capital measures have failed at the Arizona Legislature in recent years, the Utah Legislature has passed a bill to create a $100 million fund to attract out-of-state technology investment.
Arizona and Utah sometimes compete for the same pool of venture-capital dollars, given their geographic proximity, according to The Business Journal.
With the state facing a $1 billion budget deficit, Arizona business interests are fighting elimination of economic development agencies and worrying about future tax increases, rather than pushing venture capital efforts, The Business Journal states. No direct venture-capital legislation has been introduced this session.
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