Ohio Chamber recommends a third of state surplus be invested in a “fund of funds”
The State of Ohio apparently has a $3 billion surplus, and there are calls, led by the Ohio Chamber of Commerce, to devote as much as one-third of those monies to investments in new venture creation. Specifically, Steve Stivers, the organization’s new Chief Executive Officer, is urging that state leaders allocate as much as $1 billion to a “fund of funds” that would invest in venture capital and private equity firms. Click here to learn more.
