Invest Georgia’s expected $10 million FY21 investment from state mostly eliminated

Georgia’s state-financed venture capital fund has been left with only operating money for the foreseeable future, a victim of the deep budget cuts the General Assembly approved last month.

Invest Georgia, which received allocations of $10 million in each of the last four fiscal years, is being hit with a $9.75 million reduction for FY21, which began July 1. The cut came as lawmakers were casting a wide net to find $2.2 billion in spending reductions to help offset the fiscal impact of the coronavirus pandemic. Invest Georgia has enough leftover capital from FY20 to continue investing in Georgia-based growth and early stage companies through the end of this calendar year, but the fund’s future beyond that is uncertain.

Click here to learn more.

Stay connected with us on Twitter and LinkedIn. Article ideas and other suggestions should be sent to Include the name and contact information (phone and email) for follow-up.