Altus Venture $126 million View
Scissortail $90 million View
Foxborough $300 million View
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Venture capital (also known as VC or Venture) is a type of private equity capital typically provided to early-stage, high-potential, growth companies where the rewards are years out and carry a high risk. Venture capital is a special kind of funding to create a foundation for building the businesses that will replace today's diminishing industry and jobs. Oklahoma's venture tax credit program was intended to incentivize that venture capital funding needed by rewarding investors tax credits worth 20 to 30% of their at risk investment. |
| What does Oklahoma get for its money? 25% invested in a business, and 75% in profit to unknowns. |
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"at least fifty percent (50%) of the proceeds of the qualified investment for the acquisition of tangible or intangible assets" Section 2.B.2.a Then factor in that only 50% of the funds Venture Capital Companies received from the state go into the investment. Then only 50% of the planned investment is required to be invested in an Oklahoma business venture. That can be split anyway between employees assets. Having as few as one, and conceivably no employees in Oklahoma. More in Section 5 and Section 18 |