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

Tennessee Tennessee (, ), officially the State of Tennessee, is a landlocked U.S. state, state in the Southeastern United States, Southeastern region of the United States. It borders Kentucky to the north, Virginia to the northeast, North Carolina t ...

. 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, 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, 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 the county seat of Williamson County, Tennessee, United States. About south of Nashville, Tennessee, Nashville, it is one of the principal cities of the Nashville metropolitan area and Middle Tennessee. As of 2020 Uni ...

References

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