David Kluskiewicz

State supported early-stage funding is tough. Even though the payoff could net new jobs (and new income tax revenue) many states find it hard to take the risk. After all, they’re gambling with taxpayer money.

Kentucky has found a good way to mitigate some of this risk and still stay in the game to attract and retain its young innovators. They follow the Fed and assume that if a company qualifies for a Small Business Loan, it won’t burn the state’s cash.
Technology & Innovation - Funding| The Kentucky Cabinet for Economic Development