Massachusetts: Guaranteed State Money (But No Oversight?)

Posted on Boston Daily by Pioneer’s Research Director Steve Poftak:

No one cares to explain what the Capital Access Program is doing with $5 million in state funds.

Imagine getting money from the state on a no-bid basis. Even better, a state law names you as the sole entity eligible to get the cash.

If you are lucky enough to be BDC Capital, you don’t have to imagine.

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