Georgia now has a stick and a string to lure more venture capital to the state.
The carrot, valued at $100 million, has yet to be dug from the garden, however.
Gov. Nathan Deal signed House Bill 318 into law last Monday, creating the Invest Georgia program. The initiative calls for the state to offer matching funds to venture capital firms that invest in Georgia-based early and growth-stage businesses.
The goal is to build an investment infrastructure within the state to encourage start-ups in certain sectors to remain in Georgia.
Invest Georgia, though, has no funding. Read more ›