Tuesday, February 4, 2014

Xconomy: 'Colorado Legislators Aim to Reward Angel Investors with Tax Credit'

Quoting from today's posting by Michael Davidson:

"Colorado could join the list of states that offer tax credits to angel investors if a bill currently before the Colorado General Assembly is passed...

...Supporters argue that access to seed- and early-stage capital remains a challenge for Colorado entrepreneurs. The Colorado BioScience Association is one of the industry groups pushing for the bill’s passage, along with the Colorado Technology Association and Colorado Cleantech Industry Association. CBSA president and CEO April Giles said her association’s members continue to list raising money as one of their toughest problems.

They think a state income tax credit will help, and they say the tax credit programs in other states have been a boon."

Link to the full article