Nine years after launching, the state-funded venture capital program, TNInvestco, has helped create nearly 1,850 jobs as of 2017, a number showing little change from the previous year.
Investments groups selected by the state in 2009 and 2010 have allocated about $131 million to 187 companies, according to the program's annual report. The program, funded through tax credits for insurers, cost the state $200 million, and Tennessee has spent about $108,000 per job created.
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