Public Inducement of Local Economic Development: Legal Constraints on Government Equity Funding Programs

Abstract

The purpose of this Article is three-fold. First, it will develop a taxonomy of venture capital programs that local governments use. Second, it will examine those programs in light of state constitutional restrictions on the use of the public's finances. Finally, it will examine whether the federal antitrust immunity traditionally accorded state actions is likely to extend to these programs.

Keywords

Public finance, Antitrust law, Constitutional law -- United States -- States, Economic development

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Authors

Roger D. Colton (National Consumer Law Center)
Peter S. Fisher (University of Iowa)

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