12/18: CAPCO program for the birds?

By the AJC Editorial Board

Investments should yield rewards; that’s a cornerstone of capitalism. And it’s critical to understanding just how bad a deal for Georgians would ensue if the General Assembly takes the final step toward creating a “CAPCO” program. This idea should go nowhere fast. CAPCOs, short for certified capital companies, plunge governments into the midst of the venture capital, or VC, business. That’s work best left to the private sector, we believe. Read what we have to say about it in full.

Ben Harbin, a Republican state representative from Evans, however, that the plan offers a means to create more jobs.

And Kelly McCutchen, president of the Georgia Public Policy Foundation, believes that while the job shortage is real, better solutions exist.

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