Wednesday, May 21, 2014

State Science & Technology Institute: 'Advanced Industries Win Support in Colorado Legislature'

Quoting from the May 19th posting:

"Through last year’s passage of the Advanced Industries Accelerator Act, Colorado lawmakers established three grant programs designed to leverage state assets and grow the number of companies in seven key sectors. In further support of the initiative, lawmakers recently provided level funding of $5 million and approved an angel investor tax incentive specifically geared toward companies operating within those seven advanced industry sectors...

...Those companies also may benefit from a new angel investor tax credit (HB14-1012), which expands and refines previous legislation that had limited success. The bill provides up to $50,000 in tax credits for qualified investors who invest at least $10,000 in early stage companies within the specified sectors...

... During the most recent session, policymakers went back to the original bill to determine issues that prevented its success and identified other promising programs, including those in North Carolina and Wisconsin for Colorado to emulate, according to the Colorado Bioscience Association."

Link to the full posting

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