Kisber, Farr comment on TNInvestco evolution

At 5:22 p.m. today, VNC received the following statement from ECD and Revenue Commissioners Matt Kisber and Reagan Farr regarding the status of TNInvestco: "In our November 5, 2009 announcement of the finalists for the TNInvestco program, we publicly stated our intention to seek two additional allocations of tax credits from the Tennessee General Assembly totaling $40 million dollars. Our goal is to award allocations to the Tennessee Angel Fund and Solidus-TNInvestco, LLC, which were both selected as alternate funds. Subsequently, we've been approached about our support for an additional allocation over and above the $40 million we intend to seek. Our position is that while we believe an expansion of the program beyond our request has merit, any additional allocation over and above our request would need to be initiated by members of the General Assembly." Our original story earlier this afternoon.