Our Views: ; Taxes and Regulation Affect Capital Ventures; West Virginia has Everything to Gain From a Thorough Review of Its Stance

Summary

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IN 2002, then-Gov. Bob Wise and the Legislature, were desperate to spark growth. They borrowed $25 million from the Investment Management Board, which oversees the investment of state pension funds, and created a venture capital project.

The West Virginia Enterprise Capital Fund was to invest in startup companies in the hopes of creating jobs and returning dividends.

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Our Views: ; Taxes and Regulation Affect Capital Ventures; West Virginia has Everything to Gain From a Thorough Review of Its Stance

Now, seven years later, $20 million worth of investments has y...

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