TNInvestco is a US$200 million investment fund run by the State of

Tennessee Tennessee ( , ), officially the State of Tennessee, is a landlocked state in the Southeastern region of the United States. Tennessee is the 36th-largest by area and the 15th-most populous of the 50 states. It is bordered by Kentucky to th ...

. Founded in 2009, its aim is to invest in the state economy and create jobs for Tennesseans.

History

TNInvestco was established in 2009 by

Matt Kisber Matthew Harris "Matt" Kisber (born January 31, 1960) is a businessman and Democratic Party (United States), Democratic politician in the U.S. state of Tennessee who served ten two-year terms in the Tennessee House of Representatives and was Commis ...

, the commissioner of the Tennessee Department of Economic and Community Development, and Reagan Farr, the Commissioner of the

Tennessee Department of Revenue The Tennessee Department of Revenue (TDOR) is an agency within the Tennessee state government that is responsible for administering the state’s tax laws and motor vehicle title and registration laws. More than 800 people work for the Department ...

. By 2012, state auditors found "pervasive noncompliance with program requirements," leading to possible "risk of fraud, waste and abuse." TNInvestco invested in

Council Capital Council Capital is a private equity and venture capital healthcare firm based in Nashville, Tennessee, U.S. History The firm was founded in 2000 by Nashville businessman Dennis C. Bottorff as Council Ventures. It changed its name to Council Capit ...

, a private equity and venture capital healthcare firm based in Nashville. In 2014, it invested US$750,000 in Digital Reasoning, an intelligence firm headquartered in

Franklin, Tennessee Franklin is a city in and county seat of Williamson County, Tennessee, United States. About south of Nashville, it is one of the principal cities of the Nashville metropolitan area and Middle Tennessee. As of 2020, its population was 83,454 ...

References

Financial services companies established in 2009 Economy of Tennessee 2009 establishments in Tennessee {{Tennessee-stub