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Houthi rebels' attack severely damages a Belize-flagged ship in key strait leading to the Red Sea (British Ship) Status: Not Logged In; Sign In Business See other Business Articles Title: House Dems Announce Expansion of Ohio Venture Capital Fund Source: Jay Goyal URL Source: http://www.jaygoyal.com/pressrelease/101409_PressRelease.pdf Published: May 12, 2010 Author: n/a Post Date: 2010-05-12 14:03:20 by war Keywords: None Views: 13591 Comments: 105 COLUMBUS – State Reps. Jay Goyal (D-Mansfield) and Sandra Williams (D-Cleveland) announced today new legislation that would expand the investment capacity of the Ohio Venture Capital Authority by at least $100 million. The expansion will build on successful efforts to foster innovation in high-growth industries such as healthcare, advanced energy and information technology. “The challenges of these economic times require strategic investment in our economy and our future,” said Rep. Goyal. “Investing in Ohio’s entrepreneurs and supporting emerging businesses through the Ohio Venture Capital Fund will help create good-paying jobs and position Ohio’s economy for success as the national recession lifts.” The Ohio Venture Capital Authority (OVCA) was established to help increase private investment in Ohio companies in the early stage of business development. Through allocations made by the Ohio Capital Fund, 35 Ohio companies have received investments; those companies have over $90 million in annual payroll. OVCA is an integral element of Ohio’s broader technology programs which have created 42,000 jobs in recent years, according to an independent analysis by SRI. In addition, Ohio was recently ranked the fourth best state for biotechnology business by Business Facilities magazine in part due to venture capital programs in the state. “We cannot move Ohio forward without a keen focus on making sure our economy is growing,” said Rep. Williams. “An important component of that growth is the expansion of the Ohio Capital Fund, which provides private investment capital for innovative Ohio companies in the seed or early stages of their business development.” The expansion proposed today will increase the investment capacity of the Ohio Venture Capital Authority, which oversees the Ohio Capital Fund, by $100 million. The Ohio Capital Fund does not use state tax dollars or General Revenue Funds, and the bonds issued do not count towards the State’s debt ceiling. The Fund is capitalized by the issuance of bonds supported primarily by the investments of the Fund and secondarily by contingent tax credits. “In Ohio, investments in early-stage companies are outpacing the national average,” said Dr. S. Michael Camp of the Ohio State University’s Fisher College of Business. “The data indicates that in Ohio, 67 percent of all investment dollars went to seed and early stage companies compared to national averages that are closer to 24 percent.” TechColumbus CEO Ted Ford also spoke in favor of the expansion, noting that "the availability of early-stage capital in Ohio has been critical to the development of numerous firms supported by TechColumbus. We support the renewal and expansion of Ohio's Third Frontier and the expansion of the Ohio Capital Fund." Today’s announcement precedes the Ohio Venture Capital Fund Early-Stage Summit in Columbus on Wednesday and Thursday. For more information on the Ohio Venture Capital Fund, please visit: www.theohiocapitalfund.com. Click for Full Text! Post Comment   Private Reply   Ignore Thread   Top • Page Up • Full Thread • Page Down • Bottom/Latest #1. To: war (#0) Ohio Venture Capital Fund will help create good-paying jobs and position Ohio’s economy for success as the national recession lifts.” That leaves Boofer out. He says each job costs him $25,000 which means he probably only pays his people $20,000. People could do better at Walmart. oh, forgot. bout your dead mom. You don't have her propped up in the sun room, ala Bates in Psycho, do you? (chuckle) - Boofer Skip Intro  posted on  2010-05-12   14:07:27 ET  Reply   Trace   Private Reply   #2. To: Skip Intro (#1) He always claimed that he paid his people well... #67. To: war (#48) Keep hiding behind the bozo, bozo. (laughing) You've always been a world class pussy. Badeye posted on 2010-01-14 16:12:48 ET Reply Trace war  posted on  2010-05-12   14:08:47 ET  Reply   Trace   Private Reply   #3. To: war (#2) (Edited) He always claimed that he paid his people well... Well, let's go right to the source, shall we? "“Why on earth would I fill a job that’s going to cost me $25,000 a year minimum to get a $6,000 tax credit and have a person sitting around with nothing to do because we don’t have the business? It doesn’t make any sense!" - Boofer oh, forgot. bout your dead mom. You don't have her propped up in the sun room, ala Bates in Psycho, do you? (chuckle) - Boofer Skip Intro  posted on  2010-05-12   14:10:41 ET  Reply   Trace   Private Reply   #4. To: Skip Intro (#3) I liked the part where he hinted that there is a conspiracy to keep the real rate of unemployment a secret... #67. To: war (#48) Keep hiding behind the bozo, bozo. (laughing) You've always been a world class pussy. Badeye posted on 2010-01-14 16:12:48 ET Reply Trace war  posted on  2010-05-12   14:12:07 ET  Reply   Trace   Private Reply   #5. To: Skip Intro (#3) (Edited) BTW, knowing Boof as I do...he HAS hit the roof... #67. To: war (#48) Keep hiding behind the bozo, bozo. (laughing) You've always been a world class pussy. Badeye posted on 2010-01-14 16:12:48 ET Reply Trace war  posted on  2010-05-12   14:12:45 ET  Reply   Trace   Private Reply   #6. To: Skip Intro, Boofer (#3) Comment Boof? This seems to kill both of your birds with one stone...government help and VC... #67. To: war (#48) Keep hiding behind the bozo, bozo. (laughing) You've always been a world class pussy. Badeye posted on 2010-01-14 16:12:48 ET Reply Trace war  posted on  2010-05-12   14:24:26 ET  Reply   Trace   Private Reply   #7. To: Badeye (#6) Comment Boof? This seems to kill both of your birds with one stone...government help and VC... Yeah, let's hear it. It undercuts one of your main whines in that article of yours. BTW, thanks a million for that. I especially like the picture of you with your gun, although it would have been better if you'd been waving it out the window of your Hummer. oh, forgot. bout your dead mom. You don't have her propped up in the sun room, ala Bates in Psycho, do you? (chuckle) - Boofer Skip Intro  posted on  2010-05-12   14:28:55 ET  Reply   Trace   Private Reply   #8. To: Skip Intro (#7) (laughing) skippy, two things you need to learn. 1) Never follow my anti groupie down the worm hole. Imstillright did that, got banned from multiple websites, and as noted by others, was never. seen. again. 2) This fund specializes in minority owned organizations. Read the 'requirements' on the website. At least half of them claim to have a headquarters 'in Ohio' but if you review them (as I did when I saw this posted a few minutes ago) you see they actually are everywhere BUT HERE. Additionally, the list of corporations (40 of them) reads like a firesale from bankruptcy court. 3) I don't 'whine'. I noted the government, the FEDERAL GOVERNMENT, needs to cut taxes to bring back venture capital, from VENTURE CAPITALISTS, not state run crap like this. First Rule of Holes, skippy. Learn it, live it. We are lucky enough to have an honorable host. Badeye  posted on  2010-05-12   14:33:33 ET  Reply   Trace   Private Reply   #9. To: Badeye (#8) But as I said Boofer, VC isn't for dying companies like yours. Your need to go to a bank. Why haven't you? oh, forgot. bout your dead mom. You don't have her propped up in the sun room, ala Bates in Psycho, do you? (chuckle) - Boofer Skip Intro  posted on  2010-05-12   14:39:09 ET  Reply   Trace   Private Reply   #10. To: Badeye (#8) This fund specializes in minority owned organizations. Read the 'requirements' on the website. Where is that stated, Boofer? The fact is, it isn't. What is stated is that they only need to report their investments in minority held business. So, there you go again expanding your truth deficit. To obtain initial consideration for investment by The Ohio Capital Fund as of the date of this information, a prospective venture capital fund must establish to The Ohio Capital Fund's satisfaction that it meets at least the initial criteria below. This is not an exclusive list of the criteria that will be considered by The Ohio Capital Fund. The Ohio Capital Fund reserves the right to add to, subtract from or otherwise modify the criteria at any time, without notice, and to waive any of the criteria with regard to any prospective venture capital fund. Nothing herein is intended to modify or otherwise alter any applicable requirements of the Ohio VC Statute or the Investment Policy. All Venture Capital Funds Venture Capital Fund. The fund must be a private, for-profit venture capital fund. Performance Potential. The fund must demonstrate a potential to generate high levels of successful investment performance. Commitment to Seed or Early Stage Investment. The fund must demonstrate in its investment history or its investment strategy a commitment to investing in seed or early stage businesses. Agreement to Invest in Ohio. The fund must be willing to agree that it will invest at least 50% of all The Ohio Capital Fund monies contributed to the venture capital fund in Ohio-based Business Enterprises in the seed or early stage of business development (the "Ohio Seed and Early Stage Investment Requirement"). Reporting. The fund must be willing to agree that it will report to The Ohio Capital Fund on a quarterly basis, among other things, the following: a) certain information regarding prospective and actual investments in Ohio- based Business Enterprises at the seed and early stage; b) investment results on such investments and the total investments of the fund; c) information relating to the fund's potential and actual investments in portfolio companies owned or managed by disadvantaged minorities or women; and d) investment results, including overall IRR as well as IRR on investments that meet the Ohio Seed and Early Stage Investment Requirement. Insurance. The fund must carry liability insurance covering the fund and owners of its general partner for liabilities related to venture capital investing in amounts acceptable to The Ohio Capital Fund. Use of Name. The fund must be willing to agree that the OVCA and the Ohio Department of Development may refer to the fund's name in public announcements relating to The Ohio Capital Fund. Ohio-based Venture Capital Funds To be considered an Ohio-based Venture Capital Fund, a fund must have its principal office in the State of Ohio, where a majority of the fund's staff are employed and where at least one investment professional is employed who has at least five years of experience in venture capital investment. The Ohio Capital Fund's capital commitment to an Ohio-based Venture Capital Fund may not represent more than 50% of the total capital commitments to such fund from all sources. Non-Ohio-based Venture Capital Funds The Ohio Capital Fund's capital commitment to any venture capital fund which is not an Ohio-based Venture Capital Fund may not represent more than 20% of the total capital commitments to such fund from all sources. #67. To: war (#48) Keep hiding behind the bozo, bozo. (laughing) You've always been a world class pussy. Badeye posted on 2010-01-14 16:12:48 ET Reply Trace war  posted on  2010-05-12   14:39:51 ET  Reply   Trace   Private Reply   #11. To: Skip Intro (#9) Where, exactly, did I say I needed 'venture capital' skippy? I'll save you some time, I never once said that. Hullucinate much? (laughing) We are lucky enough to have an honorable host. Badeye  posted on  2010-05-12   14:40:17 ET  Reply   Trace   Private Reply   #12. To: Badeye (#11) Hullucinate much? Geezus... #67. To: war (#48) Keep hiding behind the bozo, bozo. (laughing) You've always been a world class pussy. Badeye posted on 2010-01-14 16:12:48 ET Reply Trace war  posted on  2010-05-12   14:41:26 ET  Reply   Trace   Private Reply   #13. To: Badeye (#11) Where, exactly, did I say I needed 'venture capital' skippy? I'll save you some time, I never once said that. How stupid of me. How could I possibly have thought that you were talking about yourself here? "“It they want to help people like me, they need to cut taxes across the board and get the venture capital back in the game,” he said. "He" is you, Boofer. oh, forgot. bout your dead mom. You don't have her propped up in the sun room, ala Bates in Psycho, do you? (chuckle) - Boofer Skip Intro  posted on  2010-05-12   14:44:24 ET  Reply   Trace   Private Reply   #14. To: Skip Intro (#13) What he really meant was...(laughing) #67. To: war (#48) Keep hiding behind the bozo, bozo. (laughing) You've always been a world class pussy. Badeye posted on 2010-01-14 16:12:48 ET Reply Trace war  posted on  2010-05-12   14:46:44 ET  Reply   Trace   Private Reply   #15. To: Skip Intro (#13) (Edited) PS: How's the "worm hole" so far? #67. To: war (#48) Keep hiding behind the bozo, bozo. (laughing) You've always been a world class pussy. Badeye posted on 2010-01-14 16:12:48 ET Reply Trace war  posted on  2010-05-12   14:47:43 ET  Reply   Trace   Private Reply   #16. To: Skip Intro (#13) "“It they want to help people like me, they need to cut taxes across the board and get the venture capital back in the game,” he said. "He" is you, Boofer. Those darn refective pronouns catch the ESL types everytime. Making the world safe for United Fruit. mininggold  posted on  2010-05-12   14:50:34 ET  Reply   Trace   Private Reply   #17. To: Skip Intro (#13) "He" is you, Boofer. lol, hilarious. But, be careful. You know what happened to ImStillRight. Gee, aba daba boyu, all I know is you follow my around the net, copy my posts into your tagline, and post to me without reason .... badeye Biff Tannen  posted on  2010-05-12   14:52:58 ET  Reply   Trace   Private Reply   #18. To: Skip Intro (#13) "“It they want to help people like me, they need to cut taxes across the board and get the venture capital back in the game,” he said. I said that in relation to CREATING NEW JOBS. My company works primarily for EMPLOYMENT SCREENING COMPANIES. If they don't have anyone to screen due to a lack of JOB CREATION there is no 'help (for companies) like (mine)' God, you really are a moron. No wonder you don't own a business. You can't understand basic english...even when its typed in front of your face. (laughing) First Rule of Holes, skippy. And obody knows what a boofer is. Even the site host doesn't know what it means. Is that some 1st grade slang? We are lucky enough to have an honorable host. Badeye  posted on  2010-05-12   14:53:03 ET  Reply   Trace   Private Reply   #19. To: Abu el Banat (#17) Always nice to hear from yabba dabba boyu....(chuckle) Nothing pertinent, but always worth a laugh. We are lucky enough to have an honorable host. Badeye  posted on  2010-05-12   14:53:48 ET  Reply   Trace   Private Reply   #20. To: mininggold (#16) ...says the hitler youth league representative... We are lucky enough to have an honorable host. Badeye  posted on  2010-05-12   14:54:23 ET  Reply   Trace   Private Reply   #21. To: Badeye (#20) Okay, Boteye, that one made me laugh. Carry on. Fred Mertz  posted on  2010-05-12   14:55:23 ET  Reply   Trace   Private Reply   #22. To: Badeye (#19) (Edited) Always nice to hear from yabba dabba boyu....( Nobody knows what a "yabba dabba boyu" is... #67. To: war (#48) Keep hiding behind the bozo, bozo. (laughing) You've always been a world class pussy. Badeye posted on 2010-01-14 16:12:48 ET Reply Trace war  posted on  2010-05-12   14:55:46 ET  Reply   Trace   Private Reply   #23. To: Fred Mertz (#21) What up, ethel? Horse not givin you any due to the weather? We are lucky enough to have an honorable host. Badeye  posted on  2010-05-12   14:56:30 ET  Reply   Trace   Private Reply   #24. To: Abu el Banat (#17) (laughing) The irony being, which Boofer knows, is that IMSR actually alerted me to what Boofer was doing @ FR and, if anything, I followed him over there...he did get banned from FR, tho. That part is true. #67. To: war (#48) Keep hiding behind the bozo, bozo. (laughing) You've always been a world class pussy. Badeye posted on 2010-01-14 16:12:48 ET Reply Trace war  posted on  2010-05-12   14:57:29 ET  Reply   Trace   Private Reply   #25. To: Badeye (#18) (Edited) I said that in relation to CREATING NEW JOBS. My company works primarily for EMPLOYMENT SCREENING COMPANIES. If they don't have anyone to screen due to a lack of JOB CREATION there is no 'help (for companies) like (mine)' And it's probably never occurred to you that in the age of the internet they have probably learned how to do their own security searches. Or maybe your searches haven't proven to be that accurate or worth the cost. Have you tried lowering your prices? You need to build a better mousetrap and quit blaming your firm's failures on others, as you DO sound like a raving nanny stater in that article. Making the world safe for United Fruit. mininggold  posted on  2010-05-12   14:59:33 ET  Reply   Trace   Private Reply   #26. To: mininggold (#25) ...says the hitler youth league representative... We are lucky enough to have an honorable host. Badeye  posted on  2010-05-12   14:59:59 ET  Reply   Trace   Private Reply   #27. To: Badeye (#18) And obody knows what a boofer is. Is that a new Irish poster? What else does he know? #67. To: war (#48) Keep hiding behind the bozo, bozo. (laughing) You've always been a world class pussy. Badeye posted on 2010-01-14 16:12:48 ET Reply Trace war  posted on  2010-05-12   15:02:08 ET  Reply   Trace   Private Reply   #28. To: war (#24) Why did ISR get banned tho? He seemed like a pretty straightforward dude. Gee, aba daba boyu, all I know is you follow my around the net, copy my posts into your tagline, and post to me without reason .... badeye Biff Tannen  posted on  2010-05-12   15:03:35 ET  Reply   Trace   Private Reply   #29. To: Badeye (#18) Everyone knows what a boofer is. Gee, aba daba boyu, all I know is you follow my around the net, copy my posts into your tagline, and post to me without reason .... badeye Biff Tannen  posted on  2010-05-12   15:04:38 ET  Reply   Trace   Private Reply   #30. To: Abu el Banat, Skip Intro, Boofer, A K A Stone (#28) (Edited) At FR? Same reason I was..."troll" for some reason I wasn't offended tho. BTW, where I am from a "Boofer" is someone who wears Hagar suits [second pair of pants free!!!]. IN other words, dresses like a moron... #67. To: war (#48) Keep hiding behind the bozo, bozo. (laughing) You've always been a world class pussy. Badeye posted on 2010-01-14 16:12:48 ET Reply Trace war  posted on  2010-05-12   15:05:16 ET  Reply   Trace   Private Reply   #31. To: Abu el Banat (#28) Why did ISR get banned tho? Spamming in system email accounts among other things. We are lucky enough to have an honorable host. Badeye  posted on  2010-05-12   15:06:22 ET  Reply   Trace   Private Reply   #32. To: Abu el Banat (#29) Everybody? Funny, the site host just asked the other day. We are lucky enough to have an honorable host. Badeye  posted on  2010-05-12   15:06:52 ET  Reply   Trace   Private Reply   #33. To: Badeye (#26) says the hitler youth league representative... I guess your denial of probable causes is at the root of your firm going under. Introspection is tough for you isn't it? Making the world safe for United Fruit. mininggold  posted on  2010-05-12   15:08:06 ET  Reply   Trace   Private Reply   #34. To: mininggold (#33) ...says the hitler youth league representative... We are lucky enough to have an honorable host. Badeye  posted on  2010-05-12   15:08:56 ET  Reply   Trace   Private Reply   #35. To: Boofer (#31) Spamming in system email accounts among other things. That is a flat out lie. #67. To: war (#48) Keep hiding behind the bozo, bozo. (laughing) You've always been a world class pussy. Badeye posted on 2010-01-14 16:12:48 ET Reply Trace war  posted on  2010-05-12   15:10:02 ET  Reply   Trace   Private Reply   #36. To: Abu el Banat (#28) Why did ISR get banned tho? He seemed like a pretty straightforward dude. He told me I was imagining thousands of empty newly built houses in tracts from Sac to Butte county in 2007. Making the world safe for United Fruit. mininggold  posted on  2010-05-12   15:10:25 ET  Reply   Trace   Private Reply   #37. To: mininggold (#33) I guess your denial of probable causes is at the root of your firm going under. It's all Obama's fault. Fred Mertz  posted on  2010-05-12   15:12:09 ET  Reply   Trace   Private Reply   #38. To: Badeye (#34) says the hitler youth league representative... So you have done a search on me and have found I lived in Germany during the mid forties? LOLOL No wonder your firm is going under. Making the world safe for United Fruit. mininggold  posted on  2010-05-12   15:12:26 ET  Reply   Trace   Private Reply   #39. To: Badeye (#18) No wonder you don't own a business. I guess self-employed doesn't count. And even though you didn't ask, yes, I'm doing just fine, thank you. The nice thing for me is that when I post from work I'm only stealing from myself, unlike you. oh, forgot. bout your dead mom. You don't have her propped up in the sun room, ala Bates in Psycho, do you? (chuckle) - Boofer Skip Intro  posted on  2010-05-12   15:12:51 ET  Reply   Trace   Private Reply   #40. To: war (#35) That is a flat out lie. Again? (eyes rolling) Fred Mertz  posted on  2010-05-12   15:13:18 ET  Reply   Trace   Private Reply         .       .       . Comments (41 - 105) not displayed. Top • Page Up • Full Thread • Page Down • Bottom/Latest

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