Archives from day » 09, October 2009

Public-Private Collaboration Can Spur Economic Growth

The Louisiana Coalition for Capital makes its case for public-private collaboration through the CAPCO program to help the economy:

We have all heard the bad news.

The National Venture Capital Association reports that venture investing in early stage businesses is down 71% over the last 12 months. Most venture funds are reserving their capital for existing portfolio companies. Small business lines of credit are not being renewed by banks seeking to preserve liquidity. As credit is cut further, companies are forced to consider layoffs to stay in business. The result will be a sharp decline in 2009 in the number of companies funded, and very little of the federal stimulus package is expected to make its way to small business.

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