Certified Capital Companies (CAPCOs) are state-certified venture capital companies funded by insurance companies. As an incentive to invest in CAPCOs, insurance companies receive a $1 credit on premium taxes for each $1 invested (tax credits are spread over a 10-year period). The CAPCOs must...

Traditional methods of industrial organization and production are giving way to smaller, more flexible and specialized operations. This industrial restructuring increases the importance of localization economies relative to internal economies, and thus, the attractiveness of rural locations is...