Gov. Bill Haslam's job creation plan seeks to seed startups by pouring $50 million in federal and state dollars into an effort to get them off the ground.
Called INCITE, the initiative depends heavily on $30 million in U.S. Treasury funds allocated to Tennessee last October as part of the State Small Business Credit Initiative, aimed at increasing lending opportunities for small businesses.
The state is currently working with the federal agency to craft a program that could include anything 'from seed funds to loans to mezzanine financing,' says Bill Hagerty, commissioner of the Tennessee Department of Economic and Community Development.
To read the full, original article click on this link: State's INCITE stimulus initiative seeks to draw federal, private dollars » Knoxville News Sentinel
Author:Larisa Brass
