After recognizing a need to attract more seed and early-stage capital for Tennessee businesses and entrepreneurs, Governor Phil Bredesen and the Tennessee General Assembly worked to enact the Tennessee Small Business Investment Company Credit Act. The Act was signed into law offering $200 million in gross premium tax credits to a cross section of venture capital funds with broad experience in developing new companies in Tennessee...
The goals of TNInvestco are to develop Tennessee's entrepreneurial infrastructure, bring additional capital into the state, diversify the state's economy and create "anchors," or "clusters," of business innovation that result in the creation or spin off of new companies and the attraction of new talent to Tennessee...
For more information on the TNInvestco program, please visit their website at: www.tn.gov/ecd/small-business/tninvestco.