Minnesota Statutes 116J.8770 – Equity Investments
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The commissioner may invest funds from the capital access account to make equity investments in community development venture capital funds for the purpose of providing capital for small and emerging businesses. The community development venture capital fund must have experience in equity investments with small businesses and the ability to raise private capital.
Terms Used In Minnesota Statutes 116J.8770
- Commissioner: means the commissioner of employment and economic development. See Minnesota Statutes 116J.03