Public Inducement of Local Economic Development: Legal Constraints on Government Equity Funding Programs
Colton, Roger D. & Fisher, Peter S.
Abstract
The purpose of this Article is three-fold. First, it will develop a taxonomy of venture capital programs that local governments use. Second, it will examine those programs in light of state constitutional restrictions on the use of the public's finances. Finally, it will examine whether the federal antitrust immunity traditionally accorded state actions is likely to extend to these programs.