Certified Capital Companies (Missouri)
Last modified on February 12, 2015.
|Applies to States or Provinces||Missouri|
|Name||Certified Capital Companies (Missouri)|
|Policy Category||Financial Incentive|
|Policy Type||Equity Investment|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Wind energy|
|Program Administrator||Missouri Department of Economic Development|
Certified Capital Companies (CAPCO), the creation of the Department of Economic Development (DED,) are venture capital firms which have certain requirements to make equity investments in eligible businesses in Missouri. To qualify for CAPCO funding, businesses must be independently owned, headquartered in Missouri and employ less than 200 persons before the investment is made. The annual revenue of the business in its last fiscal year must be less than $4 million, or, if the business is more than 3 years old, the revenue limit is $3 million. Service companies must also demonstrate that more than 33% of its revenue would be from outside the state of Missouri.
At this point, all credits allowed under the law have been authorized.
|Department||Missouri Department of Economic Development|
|Division||Division of Business and Community Services, Finance Management|
|Address||301 West High Street, Room 770|
|Address 2||P.O. Box 118|
|Place||Jefferson City, Missouri|