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. |
Unknowns using public money to build a corporate monopoly.
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Only the venture capital companies, not the "so called investors" that will own interest in these business ventures. Interest in business ventures bought and paid for by the taxpayers. Who paid twice the cost. The "so called investors" are no more than investors in the venture capital company. This is significant in many aspects. One such would be, the VCC principal's are free to structure the "so called investors'" interest as a different percentage arrangement, giving them control of both ends of the deal. |
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| Sections | Capital Formation Incentive Act |
| Section 19.B |
Thirty percent
(30%) of the .....Snip.... |
| Section 20.A |
.....there shall be allowed a credit ..... for qualified investment made in Oklahoma rural small business ventures in conjunction with investment in such ventures made by a qualified rural small business capital company. |