Auditors recommend changes in angel investor program

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Auditors are urging lawmakers to tweak an economic development program for small, innovative startup companies after finding instances where businesses left Kansas earlier than allowed by state law.

A recent legislative audit recommended shortening the length of time businesses must stay in Kansas after drawing investment as part of the angel investors program, which was started in 2004 and is set to end next year.

The audit also found that it was difficult to gauge the success of the program because benchmarks weren . . .

SSJ

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