Problem
In order to drive economic growth and create jobs in the changing economy, states like North Carolina must find ways to promote innovation and entrepreneurship. North Carolina currently has a great talent pool for entrepreneurs but lacks sufficient access to venture capital to fund new businesses. Many talented entrepreneurs are therefore moving elsewhere to seek funds to drive their new business ideas.
Solution
Treasurer Janet Cowell is supporting legislation to create a Venture Multiplier Fund that will help grow the local economy by prioritizing investments in new businesses and local university innovation. This proposal would allow the Department of State Treasurer to invest a small portion of the state’s unclaimed property fund with the new Venture Multiplier fund. The fund would prioritize early-stage and smaller private-sector businesses while also creating seed capital for North Carolina’s universities to stimulate commercialization of university technology innovations across the state.
https://newdealleaders.org/wp-content/uploads/2024/01/Untitled-design-52.png
846
1280
Andrea Cruz
http://newdealleaders.org/wp-content/uploads/2019/11/logo-tnd.png
Andrea Cruz2024-04-16 17:13:502024-04-16 17:18:09State and local leaders from across the nation shine spotlight on Phoenix’s vitality
https://newdealleaders.org/wp-content/uploads/2023/11/aaron-burden-t2b1Z-jPT-w-unsplash-scaled.jpg
1920
2560
Estevan Ginsburg
http://newdealleaders.org/wp-content/uploads/2019/11/logo-tnd.png
Estevan Ginsburg2024-04-15 17:12:382024-04-15 20:41:05New Poll: Freedom and Democracy Key to Vote Choice in 2024
https://newdealleaders.org/wp-content/uploads/2022/07/AbortionSign.jpeg
500
500
Andrea Cruz
http://newdealleaders.org/wp-content/uploads/2019/11/logo-tnd.png
Andrea Cruz2024-04-09 19:45:532024-04-09 19:45:53NewDEAL Statement on Arizona Supreme Court Decision: One More Step in Stripping Away Rights of Millions of Women
https://newdealleaders.org/wp-content/uploads/2024/03/Biden.png
536
862
Rachel Walsh
http://newdealleaders.org/wp-content/uploads/2019/11/logo-tnd.png
Rachel Walsh2024-04-09 14:53:452024-04-09 14:53:45ICYMI: Celebrating 3 Years of American Rescue Plan Impacts
