TNInvestco is a US$200 million investment fund run by the State of Tennessee. Founded in 2009, its aim is to invest in the state economy and create jobs for Tennesseans.[1]
By 2012, state auditors found "pervasive noncompliance with program requirements," leading to possible "risk of fraud, waste and abuse."[1]
TNInvestco invested in Council Capital, a private equity and venture capital healthcare firm based in Nashville.[3] In 2014, it invested US$750,000 in Digital Reasoning, an intelligence firm headquartered in Franklin, Tennessee.[4]
