NO NO. This bill puts the State in the money loaning business. The various economic development agencies and some of the Governors friends (err “appointees”) would be making venture capital investments with YOUR tax money.
It is not appropriate for the State to be IN business.
It is not appropriate for the State to be interfering with private investors.
This bill also allows the Office Of Economic Development to grant tax credits to private individuals who contribute money to this ill advised government activity. Sounds like pay to play.
Please tell Senator Ben Kieckhefer to NOT pursue this overreach of government.
Yet another committee, yet another fund, yet another excuse to grow the size of government. ANYTHING but free enterprise.