NACo aims to serve members and profit from venture fund
- March 19, 2021 |
- WILLIAM EHART
National Association of Counties members have big budgets, big financial and tech needs; CEO Matt Chase eyes royalties, equityChaseYou might think the business of county government is low tech. But Matt Chase, CEO of the $56 million-revenue National Association of Counties begs to differ. NACo last year created a $15 million enterprise investment fund to build businesses to meet counties' needs and make a profit, to boot."People think we're this sleepy level of government," he said. "They think we manage dirt roads and water systems. Meanwhile, we own a third of the airports and 1,000 hospitals."County budgets total about $660 billion per year, and counties employ 3.6… Read More