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Ohio bill would expand state-backed venture capital program


Two Democrats from Ohio's House of Representatives have reintroduced a bill that would expand the size of a state-backed venture capital program, reports MedCity News.

House Bill No. 43 would increase by $170 million the value of tax credits that can be issued by the Ohio Venture Capital Authority (OVCA) to $550 million. 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.

Read the full story here.

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