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January 6, 2016

Invest Georgia Delivers Year End Report to Legislature

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Invest Georgia, a state-based program designed to support young Georgia companies, has delivered its annual 2015 year end report to the Governor and General Assembly.  In 2015, the Program received its first round of funding in the amount of $10 million and the first investment was made with the selection of TTV Capital.  The fund will focus on Georgia's rapidly growing financial services technology sector, also referred to as FinTech firms.

Early and growth stage companies almost always encounter a capital access problem between initial business funding and institutional expansion funding. The Invest Georgia program creates an environment where companies are encouraged in bridging that gap.

Reporter Scott Trubey with the AJC takes a deeper look at how the program will work with respect to FinTech and why this selection is important to Georgia's growth.  You may read the article here.

The Program was created by the General Assembly in 2013. Several states in the region and across the country have similar initiatives to attract and retain innovation based businesses.