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January 29, 2013
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Program makes first capital investment

The Nevada Capital Investment Corporation made its first investment in a Nevada company Monday.

The corporation was created during the 2011 Legislature at the urging of State Treasurer Kate Marshall. Senate Bill 75 allows up to $50 million in funding from the Permanent School Fund to be invested to help corporations either locate in Nevada or expand existing Nevada operations.

The goal is to help the state's economy. Marshall emphasized that it isn't a tax break or a loan, but an investment. She said the school fund gets $2 million in stock for its investment in Miller Heiman, Inc., a …

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The Nevada Appeal Updated Jan 29, 2013 02:36AM Published Jan 29, 2013 02:35AM Copyright 2013 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.