On December 5, 1997 Legislation became effective enabling the formation of Certified Capital Companies (CAPCO's) in New York State. This legislation will increase the availability of early-stage venture capital in New York State by rewarding participating insurance companies with tax-credits equal to the amount of their investment. This legislation will help businesses in your particular region, and throughout New York State, find a source of venture capital. CAPCO unites capital from Insurance Industry with venture capital expertise to promote growth of emerging NYS businesses. A for-profit partnership, corporation, trust or limited liability company. Located and headquartered to conduct business in NYS. Primary business activity is investing in qualified businesses. Investments via equity purchases, debt instruments or hybrids. $500,000 capital requirement. For more information contact Kenneth W. Parker, Director Strategic Business Division (518) 474-5670, fax (518) 474-4610, email: kparker@empire.state.ny.us