Altus Ventures $126 million View
Scissortail $90 million View
Foxborough $600 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. |
A guide to the massive flaws in an Oklahom law
Capital Formation Incentive Act
We provide the entire context of the law. On this page we have arranged the sections relevant groupings. You can download an official copy of the Act from the Oklahoma state Website and follow along. Download
| Flaws in the law | More | Ref. Section |
| A law left void of protection against wrong doing. A very clever and key element. | View | All and none |
| The cover up. Denying the public the right to know. | View | 1.C.27 |
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Using artificial loans* to inflate investments at risk and
$2 in tax credits for each $1 invested.
*similar to a counterfiet loan. |
View | 2, 18, 19, 20 |
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VCC - Venture Capital Company Qualifications favoring and restricting access to select groups. |
View | 1, 2, 3, 4, 20 |
| Authorizes selling tax credits | View | 2 |
| A public subsidized monoply. Learn who will actually own the business venture? | View | 19, 20 |
| Public recourse in the event of wrong doing. Recapture (Clawback) and Penalties. Has been nullified. Originally intended to recovery the amount in tax credits when a violation was uncovered has been |
View |
1, 2, 4, 22, 26 |
| Grandfathering Another smoke screen to slip in another $330 million | View | 25 |
| Only one-fourth or 25% of the public funded money has to go for jobs and be invested in Oklahoma. | View | 2, 5, 18 |
| Protecting the wrong, so specifically and clearly stated. | View | 1, 4, 20 |
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Rural Venture Capital Formation Incentive Act
Oklahoma rural small business venture Oklahoma small business venture |
View | 17-20, 24-26 |
| Reports | View | 1 |