LANSING, MI -- The Michigan House on Wednesday voted to phase out a venture capital fund within state government, ending what the House Appropriations Chairman called a "risky" investment program.
The fund, created in 2003, was designed to boost job creation in the state by providing startup funding for new businesses.
Image: The Michigan Capitol in Lansing as seen in the summer of 2013. (Jonathan Oosting | MLive.com)
