Investments should yield rewards; that’s a cornerstone of capitalism.
And it’s critical to understanding just how bad a deal for Georgians would ensue if the General Assembly takes the final step toward creating a “CAPCO” program. This idea should go nowhere fast.
CAPCOs, short for certified capital companies, plunge governments into the midst of the venture capital, or VC, business. That’s work best left to the private sector, we believe.
Venture capitalism provides money that nurtures small businesses along the growth curve. It’s a critical function, given that small- and medium-size companies provide a majority of new jobs.
To read the full, original article click on this link: CAPCO program: Idea that’s for the birds | ajc.com
