30 Nov Bill would boost tax credits for angel investors
Democratic state legislators plan to hold hearings, possibly as soon as next week, on a proposed $15 million economic growth package that would bulk up Wisconsin’s angel investing tax credits, better connect businesses with university research, and include other measures to rebuild the state’s economy.
The package, called the Wisconsin C.O.R.E. Jobs Act – for Connecting Opportunity, Research and Entrepreneurship – was introduced in the state Senate earlier this month by Sen. Julie Lassa (D-Stevens Point) and Sen. Pat Kreitlow (D-Chippewa Falls).
“This is building off successful economic development programs we have in place and building new ones that will set the stage for future economic growth in Wisconsin that will help companies survive the recession and come out of it stronger to compete with national and global competitors,” said Lassa, chairman of the Senate Committee on Economic Development.
The package involves spending money but there’s room within the state budget to do that, Lassa said. She said she expects to see bipartisan support, partly because it expands programs like the angel tax credits that were championed by legislators from both sides of the aisle.
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