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Technology leaders claim small victories as session ends; CAPCO legislation fails; several funding issues postponed.

Publication: Mississippi Business Journal
Publication Date: 24-MAY-04 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Technology leaders claim small victories as session ends; CAPCO legislation fails; several funding issues postponed.(Focus Tech Report 2.2)

Article Excerpt
CAPCO legislation, which would have spurred capital investment in Mississippi and moved the state toward increased access to risk capital, failed for the second legislative session. If passed, it would have provided incentives in the form of insurance premium tax credits to boost investment in the state.

"The largest gap we have in Mississippi technology is access to risk capital," said Jack Harrington, rice president for business and venture development for the Mississippi Technology Alliance (MTA).

"CAPCO was maybe not the first choice for risk capital, but in Mississippi, where we don't have anything--not a single structure for risk capital equity funding--this would have provided $100 million of risk capital at a relatively small impact to the state general fund of...

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