Gov. Rick Snyder is fond of saying the state should not be in the business of picking economic winners and losers.
So when the Michigan Economic Development Corp. announced Wednesday that, through the Michigan Strategic Fund, it was going to invest up to $9 million in four new venture capital funds, wasn't it playing the game of picking winning and losing industry sectors?
And did that, by any conspiratorial chance, reflect a bias in favor of Snyder's former job as venture capitalist?
To read the full, original article click on this link: State to fund more venture capital | Crain's Detroit Business
