Pennsylvania Gov. Ed Rendell signed a pair of economic stimulus bills last week that he hopes will spur investments throughout the Keystone State.
Specifically, the bills will create a VC fund called the PA Venture Capital Investment Program and provide various guarantees to VC firms investing in Pennsylvania-based businesses.
“Our goal is to create jobs, retain talent, grow the economy and position Pennsylvania for success in the 21st century,” Rendell said in a statement. “The creation process was step one. Step two is to put it to work.” .