ECD Seeks Public Comment on INCITE Co-Investment Fund

Comments on Draft Program Guidelines Due Dec. 9, 2011

NASHVILLE – The Tennessee Department of Economic and Community Development released draft program guidelines today for the INCITE Co-Investment Fund. Interested parties are encouraged to review the draft program criteria found online at www.tn.gov/ecd/pdf/INCITE_Fund_Draft.pdf and provide comments or feedback via email to Ryan Gooch, Innovation Director, by Dec. 9, 2011. Comments should be submitted electronically to ecd.innovation@tn.gov with the subject “INCITE Co-Investment Fund Feedback.”

The INCITE Co-Investment Fund will be established to increase access to seed-, early- and expansion-stage capital for Tennessee businesses using $29.7 million in federal funds. Funding was awarded by the U.S. Department of the Treasury as part of the State Small Business Credit Initiative.

In addition, the department will host an informational webinar on Dec. 7, 2011, at 10 a.m. CST, to review the draft program guidelines. To RSVP for the webinar, please send your name and organization to ecd.innovation@tn.gov. Additional information on the webinar will be sent to you as it is available.

About the Tennessee Department of Economic and Community Development
The Tennessee Department of Economic and Community Development’s mission is to develop strategies which help make Tennessee the No. 1 location in the Southeast for high quality jobs. The department seeks to attract new corporate investment in Tennessee and works with Tennessee companies to facilitate expansion and economic growth. To find out more, go to www.tn.gov/ecd.

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Media Contact: Valerie Somerville, ECD
Office: (615) 532-1925
Email: Valerie.Somerville@tn.gov

General Contact: Ryan Gooch, ECD
Email: ECD.Innovation@tn.gov