Members of the Ames Seed Capital Fund may soon have a new option to put their money to work, helping to create business growth and jobs in Mid-Iowa and profits for their investments.
A new Ames/Story County Seed Capital Fund would combine $1.75 million from Ames investors with approximately $750,000 from investors elsewhere in Story County, members of the private investment fund learned at their annual meeting Wednesday at the Ames Holiday Inn. Individual investors must pledge at least $15,000 to be part of the fund.
If the fund is fully invested, it will result in $2.5 million to grow jobs, industry, tax base and return on investment, Seed Capital Fund board president Roger Underwood said. This would be the sixth investment pool created in the 10-year history of the Seed Capital Fund.
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Author: Bob Zientara
