The General Assembly desires to increase the availability of equity, near-equity, or seed capital for emerging, expanding, relocating, and restructuring enterprises in the State, so as to help strengthen the state's economic base, and to support the economic development goals of this State in accordance with the strategy established by the Department of Commerce. The General Assembly also desires to address the long-term capital needs of small-sized and medium-sized firms, to address the needs of micro enterprises, to expand availability of venture capital, and to increase international trade and export finance opportunities for South Carolina based companies.
HISTORY: 2004 Act No. 187, Section 5; 2005 Act No. 125, Section 1.
Structure South Carolina Code of Laws
Chapter 45 - Venture Capital Investment Act Of South Carolina
Section 11-45-10. Short title.
Section 11-45-20. Legislative intent.
Section 11-45-30. Definitions.
Section 11-45-55. Tax credit certificates.
Section 11-45-60. Selection of investment plans.
Section 11-45-70. Venture capital investment requirements.
Section 11-45-80. South Carolina Technology Innovation Fund established; purposes.
Section 11-45-90. Reports by investor groups to Venture Capital Authority; contents.
Section 11-45-95. Reports by authority; contents.
Section 11-45-100. Power of authority to implement chapter; employment of persons.