CAPCO Programs

A report discussing the success of Wisconsin’s CAPCO Program was recently released by a professor at the University of Wisconsin-Madison:

The National Coalition for Capital, a non-profit nationwide coalition of supporters of public policies that promote access to capital for small businesses, today announced the release of a report detailing the success of the Wisconsin Certified Capital Companies (CAPCO) program. This program encourages the flow of investment capital to promising companies located in the state, creating and preserving good jobs, and generating significant state tax revenue.

In the newly issued report, Professor Donald A. Nichols of the University of Wisconsin-Madison conducts an analysis of the Wisconsin program, which was enacted in 1998.

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Wisconsin’s CAPCO program expired in 2009, but it provided excellent job growth:

A program that used state tax credits to invest in promising Wisconsin technology businesses has paid for itself several times over, according to a study by Donald Nichols, UW-Madison emeritus professor of economics and public affairs.

TomoTherapy, Virent Energy Systems, Alfalight and Cellectar are among the Madison companies boosted by the program, called Wisconsin Certified Capital Companies, or CAPCOs.

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Tennessee Small Business Investment Company Credit Act was passed and was supported by the National Coalition for Capital:

The National Coalition for Capital applauds the 106th Tennessee General Assembly for its overwhelming bi-partisan support of HB 2085 and SB 1203 – the Tennessee Small Business Investment Company Credit Act (TSBICCA).

The House version of the bill passed 94-0 (1 pass) and in the Senate, it garnered similar support – passing 30 –0.

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Ben Dupuy from the Coalition for Capital makes his case for the effectiveness of CAPCO programs in Washington, DC:

Imagine you are a 32-year-old employee who works hard every day. Yet, you dream every night about opening your own business to create your own wealth.

In today’s economy, in which our unemployment rate is at a 25-year high of 8.1 percent and Fortune 500 companies have to beg for funds to preserve jobs and stay in business, where can you find startup money to realize your dreams?

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