Harrisburg Inc redux

Pennsylvania announced yesterday that it is providing money directly to 8 venture capital firms to promote some high tech clusters in the Commonwealth. (PBT story). Pennsylvania is by far not the first to directly invest in venture capital markets. One of my first posts here noted the release of this report: Seed and Venture Capital: State Experiences and Options, by the National Association of Seed and Venture Funds. This report catalogues the gamut of efforts by states to invest in growth industries. It is worth a read if you are interested in how states are trying to directly target early stage companies in ways never imagined in the past.