Iowa’s state government funds a local Venture Capital Deal

Sort of a deja vu vis a vis SWIB’s initiatives:

The money for the Acuity Ventures agreement will come from the Grow Iowa Values Fund, the economic development program that’s limping along with about $16 million of $100 million still available.
Lawmakers are expected to consider early next year finding a permanent source for the $503 million premier economic development program.

I generally think the state should just get out of the way and focus on reducing costs and paperwork. In other words, spend time on things that make it easier to create business and hire people in Wisconsin.