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NY To Invest $2M In Minority And Women-Owned Start-Ups

New York Governor Andrew Cuomo
WAMC Photo by Dave Lucas
Governor Andrew Cuomo in Goshen, NY 09.22.11

  New York state is setting aside $2 million to invest in new high-tech businesses owned by minorities and women. 

Governor Andrew Cuomo announced the investment fund on Friday, targeted at certified minority- or women-owned businesses.

The goal of the initiative to expand opportunities for entrepreneurs from diverse backgrounds while promoting economic growth around the state.

The money will be managed by a venture capital firm based in Rochester. Preference will be given to start-ups in the life sciences, green technology, advanced materials and other high-tech industries.

Copyright 2015 The Associated Press.

Dave Lucas is WAMC’s Capital Region Bureau Chief. Born and raised in Albany, he’s been involved in nearly every aspect of local radio since 1981. Before joining WAMC, Dave was a reporter and anchor at WGY in Schenectady. Prior to that he hosted talk shows on WYJB and WROW, including the 1999 series of overnight radio broadcasts tracking the JonBenet Ramsey murder case with a cast of callers and characters from all over the world via the internet. In 2012, Dave received a Communicator Award of Distinction for his WAMC news story "Fail: The NYS Flood Panel," which explores whether the damage from Hurricane Irene and Tropical Storm Lee could have been prevented or at least curbed. Dave began his radio career as a “morning personality” at WABY in Albany.
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