SPRINGFIELD — As Wisconsin and New Jersey governors work to lure Illinois businesses away, new legislation backed by the state treasurer would work to attract new startup technology companies and retain existing firms.
Senate Bill 107 would authorize the state treasurer to invest up to 2 percent of the state's portfolio into venture capital funds, which then would invest money into Illinois-based technology companies.
Similar legislation has been introduced in the past and failed to gain enough support from lawmakers. But now, the state’s treasurer is pushing to get the new plan approved.
To read the full, original article click on this link: State treasurer pushes more venture capital investment | Illinois Statehouse News
Author: Diane S.W. Lee
