A state-backed venture capital fund that's widely praised by supporters for helping lure 10 out-of-state venture firms to Ohio could be on its last legs, reports
MedCity News.
The Ohio Capital Fund's future is hazy, MedCity says, because it isn't clear whether the fund is much of a priority for Gov. John Kasich and the Republican-dominated legislature. New legislation is needed to continue the fund, but a House bill that would do just that hasn't gone anywhere since it was introduced in January. A similar proposal passed the House by a vote of 98-0 in the state's last legislative session, but didn't make it to a vote in the Senate.
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