Office of Program Policy Analysis and Government Accountability
Office of Program Policy Analysis and Government Accountability

Review of the Enterprise Florida, Inc. Capital Development Board's Cypress Equity Fund

Report 98-33, December 1998




Report Summary

  • The Cypress Equity Fund achieved its limited goal of initiating venture capital investments by state institutional investors and banks. However, due to the fund's design, it has not contributed to the achievement of its more important goal of improving Florida businesses' access to venture capital.
  • Although the Cypress Equity Fund has not improved Florida businesses' access to venture capital, discontinuing the fund would not benefit the state.


Related Reports
  1. Concerns Over Enterprise Florida's Performance, Services to Distressed Areas Point to a Need to Consider Several Alternatives for Its Future Role
    Report 01-62 December 2001
  2. Review of the International Trade and Economic Development Board of Enterprise Florida, Inc.
    Report 98-44 January 1999
  3. Review of the Capital Development Board of Enterprise Florida, Inc.
    Report 98-32 December 1998
  4. Review of Private Sector Matching Contributions to Enterprise Florida, Inc.
    Report 98-31 December 1998
Copies of this report in print or alternate accessible format may be obtained by email OPPAGA@oppaga.fl.gov, telephone (850) 488-0021, or mail 111 W. Madison St., Room 312 Tallahassee, FL 32399-1475.
Copies of this report in print or alternate accessible format may be obtained by email OPPAGA@oppaga.fl.gov, telephone (850) 488-0021, or mail 111 W. Madison St., Room 312 Tallahassee, FL 32399-1475.
economic development, labor, venture capital, equity financing, cypress equity fund