LANSING – State-funded perks and incentives for businesses are coming under increased scrutiny in the state Capitol these days. And venture capital firms took their turn on center stage this week.
Since 2003, when the state was trying to thwart a deepening economic downturn by enticing new companies to the state, Michigan began investing in 20 venture capital companies, which in turn, raised even more private money to invest in entrepreneurs and their start-up companies.
Image: (Photo: Kathleen Gray/Detroit Free Press)
