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Monday, September 18, 2006

State 29: Chet Culver: "Iowa can create and manage a venture capital fund"

Excerpted from this post at State 29

The Chet Culver web site has revised the "Iowa Means Business" section. As far as I'm concerned, Culver's political capital has gone from worse to kamikaze: ... Several years ago, the State of Iowa funded the Iowa Agricultural Finance Corp, which was supposed to be this venture capital-like fund exclusively for Iowa businesses that had ties to agricultural-related businesses. It should have been a hit, right? It has been a disaster. Take a look at this PDF and see what it "invested" in:

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Mike Schramm
Andy Szal

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