Connecticut has chosen a Missouri-based equity and venture capital firm to manage a $72 million investment pool aimed at growing small businesses.
The new funds come out of a provision in the recently passed jobs bill, which revised the state's Insurance Reinvestment Tax Credit program to allow money managers to invest in any Connecticut-based business, not only insurance-related ones.
St. Louis-based Advantage Capital Partners, which was certified by the State Department of Economic and Community Development to manage funds raised from insurers doing business in Connecticut, selected Avon-based Ironwood Capital to identify potential companies for investments.
To read the full, original article click on this link: State picks Mo. firm to handle fund - Connecticut Post
