Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
State Small Business Credit Initiative: Indiana's Use of Federal Funds for Other Credit Support Programs

State Small Business Credit Initiative: Indiana's Use of Federal Funds for Other Credit Support Programs

Office of the Inspector General Departme

Paperback

Management

ISBN10: 1505267994
ISBN13: 9781505267990
Publisher: Createspace
Published: Jan 3 2015
Pages: 32
Weight: 0.22
Height: 0.07 Width: 8.50 Depth: 11.02
Language: English
Indiana's Venture Capital Program makes direct investments in high-growth companies through three initiatives, the Indiana High Growth Fund, Indiana Seed Fund Holdings, and the IANF. As of September 30, 2013, Indiana had allocated $21 million of its SSBCI allocation to the Venture Capital Program, of which $9.5 million was allocated to the IANF. As of the same date, the IANF used the SSBCI funds to make 15 investments totaling approximately $2.5 million. Of the $2.5 million invested by the IANF, approximately 32 percent went to the two investments audited. Investment A, approved on July 27, 2012, totaled $499,986, and Investment B, approved on January 11, 2013, totaled $300,000.

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