ATLANTA – State Representative Dar’shun Kendrick (D-Lithonia) recently introduced House Bill 1257, legislation related to Georgia’s Seed-Capital Fund and the Invest Georgia Fund.
“It is imperative that we revisit where we as a state can invest funds in regards to businesses,” said Rep. Kendrick. “As a strong advocate of the Invest Georgia Fund, I am committed to supporting Georgia’s businesses that specialize in innovative work that will increase Georgia’s shares of domestic and or international markets. I am proud to support this legislation and look forward to working alongside my legislative colleagues to advance this measure.”
House Bill 1257 would allow Georgia’s current Invest Georgia Fund to directly invest in Georgia companies rather than venture capital funds. The Invest Georgia Fund is a state-backed initiative aimed at fostering the growth of venture capital and private equity investment funds within Georgia. Its objective is to support the development of local businesses, entrepreneurs, and job creation by providing long-term investment and mentorship opportunities.
The full text of HB 1257 may be found here.
A list of Rep. Kendrick’s sponsored legislation for the 2024 legislative session may be found here.
Representative Dar’shun Kendrick represents the citizens of District 95, which includes portions of DeKalb, Gwinnett and Rockdale counties. She was elected to the House of Representatives in 2010 and currently serves on the Interstate Cooperation, Judiciary Non-Civil, Juvenile Justice, Small Business Development and Technology and Infrastructure Innovation committees.
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