TEXAS COALITION FOR CAPITAL - BUSINESS AND MONEY NEWS



January 7, 2011
Austin, Texas Leads the Nation in Job Growth
CBS Evening News

The Brookings Institution just looked at how well cities had emerged from the recession. The rankings are based largely on job creating and housing. Five of the top 10 are in Texas, with the state capital Austin leading the list. CBS News senior business correspondent Anthony Mason reports.

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October 15, 2010
Dallas Morning News

To The Dallas Morning-News

Recently, a series of articles about the Texas Emerging Technology Fund that was written by the Dallas Morning-News, carried by the Statesman and the subject of much political haymaking over the past two weeks, imply that ETF investments in Texas start-up companies are driven by politics rather than merit.

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June 5, 2009
New threshold exempts more businesses from margin tax

The Legislature gave a tax break to an estimated 40,000 small businesses in Texas by exempting those making less than $1 million from the state’s business margin tax.

Some tax policy watchers say recession hindered passing a bigger break as the exemption threshold was originally set at $300,000 in annual revenue.

The move will cost the state about $172 million in revenue over the next two years. The business margin tax raised about $4.3 billion in the 2008 fiscal year, but was originally projected to raise $6 billion annually. The money goes to support public education in Texas.

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POSTED May 4, 2009
www.mysanantonio.com: Emerging Technology Fund Vital to State's Long Term Growth

We have all heard the bad news.

The National Venture Capital Association reports that investing in early stage businesses is down 71 percent over the last 12 months. Small business lines of credit are not being renewed by banks seeking to preserve liquidity. As credit is tightened, employers are forced to consider layoffs to stay in business.

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May 1, 2009
Austin Business Journal: EFT Must be Fully Replenished
by Craig Casselberry, Tom Kowalski and Jeff Clark

We have all heard the bad news.

The National Venture Capital Association reports that investing in early stage businesses is down 71 percent over the last 12 months. Small business lines of credit are not being renewed by banks seeking to preserve liquidity. As credit is tightened, employers are forced to consider layoffs to stay in business.

The good news is that Texas is four years ahead of the curve. In 2005 the Texas Emerging Technology Fund was created to take ideas from our world-class research, create new companies with global impact, and accelerate the next generation technology economy in Texas.

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May 6, 2009
Coalition Partner Spotlight: Innovate Texas

Texas is blessed with an abundance of natural resources and a collection of some of the most accomplished academic institutions in the world. The state possesses a diverse range of intellectual capital in areas such as energy, environment, biotechnology, information technology, and agricultural sciences. While these institutions continue to drive scientific innovation and advancement, we realized an enormous opportunity to create even greater value for society by better connecting their research to the global economy to foster businesses in Texas that will create new jobs.

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April 6, 2009
Nestl Waters North America Invests $15.6 Million in Sweet Leaf Tea with Option to Buy the Company
Deal will Transform Austin-Based Beverage Company into a National Brand

Sweet Leaf Tea Company, one of the nations fastest-growing makers of natural, organic beverages, has fetched a pail of water.

The Austin-based maker of organic, all-natural, home-style iced teas, lemonades and other natural beverages, announced today that Nestl Waters North America, Inc. has made a $15.6 million investment in Sweet Leaf Tea Company.

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April 23, 2009
Texas’ Competitive Edge
We have all heard the bad news.

The National Venture Capital Association reports that venture investing in early stage businesses is down 71% over the last 12 months, and no money was raised by Texas based venture firms in the 1st quarter of 2009. Most venture funds are reserving their capital for existing portfolio companies. Small business lines of credit are not being renewed by banks seeking to preserve liquidity. As credit is tightened, companies are forced to consider layoffs to stay in business.

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January 28, 2009
Texas Coalition for Capital Connects Companies to Capital: Coalition Releases Blue Chip List of Capital Sources
The Texas Coalition for Capital is announcing the release of the most comprehensive list of capital sources in Texas.

The Blue Chip Investors list will detail public and private funding sources that are actively investing in all business sectors across the state.

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December 18, 2008
Texas' Need for Skilled Workers Rising
The State Comptroller's office produces a report outlining the current need in Texas for more skilled workers. The report outlines strategies for improving the job market in Texas now and in the future.

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August 29, 2008
Texas Must Raise Business Grade Even Higher
Two weeks ago, CNBC recognized Texas as "America's Top State for Business," citing our abundance of natural resources, diverse population and geography to create a "dynamic economy."

In January, Chief Executive magazine said that corporate CEO's ranked Texas as the number one state to do business in the nation, citing a strong and growing economy, low cost of living, and high quality of life.

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June 12, 2008
U.T. System Partners with the State of Texas to Expand Opportunities to Texans
From breakthrough cancer imaging and drug delivery systems to alternative energies and freight tracking technology, new discoveries that result from the vast research and development activities at the fifteen U. T. System universities are helping to accelerate opportunities for Texans and changing lives around the globe.  The ETF’s financial support is boosting the U. T. System’s resources to expand and accelerate the commercialization of these activities.

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June 12, 2008

Ignite Texas!  


The U. T. System has embarked on a dynamic new program dubbed “Ignite Texas!” that involves many initiatives to support the evolving culture and accelerate commercialization of inventions. Ignite Texas! offers pre-seed funds, entrepreneurship training, technology solutions, standard documents and policies, mentoring, and expanded collaborations to capture synergy and increase momentum in all corners of the state.

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June 12, 2008

U.T. Incubators


Incubation facilities at many U. T. campuses have already helped launch more than 250 start-up companies System-wide (at least 200 with University IP). These expanding facilities require significant capital investment and staffing to offer subsidized space, equipment, mentoring and other services for start-ups. Here are snapshots of just a few of U. T. System’s successful incubators:

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June 12, 2008

U.T. Contacts

Many hosted events, [co-]sponsored activities, and industry partnerships statewide expose emerging research and technology to commercialization opportunities.

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Apr. 22, 2008

Gov. Perry Appoints Three to Advisory Board Of Economic Development Stakeholders

AUSTIN – Gov. Rick Perry appointed three members to the Advisory Board of Economic Development Stakeholders, which assists the Governor’s Division of Economic Development and Tourism by collecting and disseminating information on federal, state, local and private community economic development programs, including loans, grants and other funding sources.

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