Coordinating Venture Capital Funds and Fueling Texas Economic Growth
The Comptroller's office and the Texas Treasury Safekeeping Trust Company are responsible for administering the $400 million Texas Certified Capital Company (CAPCO) program. Funded by “Insurance Premium Tax Credits,” the CAPCO program supports economic development and generates tax revenues for the state through business growth and job creation. Since the program's inception, the Comptroller's office has approved 11 venture capital companies to become CAPCOs.
- 2008 Biennial Certified Capital Companies Report, (PDF, 754k)
- 2006 Biennial Certified Capital Companies Report, (PDF, 2.72M)
CAPCO Administrator's Corner
In 2007 the legislature approved HB 1741 which authorized CAPCO Program Two. Subsequently, the Comptroller adopted an amendment to the program's rules which was published in December 2007 to the Texas register. House Bill 1741 allowed an additional $200 million in investment credits and added low-income community business as an investment option for CAPCOs in Program One and Program Two.