RALEIGH, NC - North Carolina plans to start an equity fund to invest in state-based companies, says State Treasurer Janet Cowell.
At Cowell's request, the state legislature gave her more room to manage state pension fund investments permitting her to start the Innovation Fund.
The fund will invest up to $250 million in companies with "significant operations" in North Carolina.
Cowell's office is palns to name the investment firm that will manage the fund next week.
Article - TechJournal South - The Southeast's Source for Technology Business News
