A quasi-state agency tasked with investing millions of taxpayer dollars in high-growth, high-risk startup companies has run its course and is headed out of business.
But first, lawmakers wanting to do away with the venture capital investment board say they must unravel a dicey situation that could leave taxpayers with a hefty bill. The Oklahoma Capital Investment Board was created by legislation roughly 20 years ago in an effort to stimulate the state's economy following the energy bust. The state gave the board $100 million in tax credits.
To read the full, original article click on this link: Oklahoma venture capital board headed out, must make good on $20 million | NewsOK.com
