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Venture capitalist defends Wisconsin CAPCOs

Madison, Wis. - In the aftermath of a critical state audit, a prominent venture investment executive is defending the economic development work being done by the state's Certified Capital Companies.

John Neis, co-founder and senior partner of Venture Investors Management, LLC, said the findings of the
Among those companie......

Full article >>> ms in other states, the Audit Bureau report mentioned unmet expectations of CAPCOs in Colorado and Louisiana, which also is based on outdated information, Neis said.

In a 2003 review of the Colorado program, the Audit Bureau said that state had invested only $44.4 million of the $100 million in available credits, and a 2001 examination of the program in Louisiana found that only $184 mill......

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'"/> By Joe Vanden Plas 08/16/06

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