State Taps Excell Partners to Manage New $2M Fund
Friday, May 8, 2015
Source: Rochester Business Journal
A Rochester-based venture capital firm has been tapped to manage a new $2 million investment fund launched by the state to provide seed funding to certified minority- and women-owned business enterprises.
Gov. Andrew Cuomo announced Friday the MWBE Investment Fund will be managed by Excell Partners Inc.
“The launch of this first-of-its-kind investment fund will help further increase opportunities for minority and women-owned businesses in New York and help this vitally important part of this state’s economy grow,” Cuomo said in a statement.