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Angel tax credit idea picks up local investor support in Oregon but needs to educate its entrepreneurs first

Goal is to reward angel investors for funding new ventures

Advocates of Oregon’s angel investing community say they’ll pursue tax credits that would reward spenders who furnish seed money to freshly minted companies.

The Oregon Innovation Council is exploring how much of a tax credit to seek, what lobbying strategies it can deploy to convince legislators that credits are needed and whether the provision should expire after a certain period.

The tactic offers an early hint that, as the state continues its financial recovery, economic issues will again play a key role in the state’s upcoming legislative agenda.

"This could certainly help bring people back off the sidelines who were either burned or scared off by the dotcom implosion," said Wayne Embree, managing partner of Portland-based Cascadia Partners and chairman of an OIC subcommittee charged with finding new capital sources for startup companies.

The Business Journal of Portland – March 10, 2006
by Andy Giegerich
Business Journal staff writer

Full Story: http://portland.bizjournals.com/portland/stories/2006/03/13/story6.html

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Tacoma offers sparse prospects for angel investors

DAN VOELPEL; THE NEWS TRIBUNE

Tacoma isn’t ready for angels.

Rich investors – known as angels – who gamble their personal fortunes in $25,000 to $100,000 chunks on high-risk, high-reward technology start-up companies, can’t find a wealth of entrepreneurs around here upon whom they can bet.

For the first time, the Seattle-based Alliance of Angels sent a messenger to Tacoma this week. The mission? To teach local entrepreneurs how to prepare a foolproof, 10-minute sales pitch that will inspire angel investors to open their checkbooks.

How many qualified candidates from the South Sound did the 21/2-hour session draw? One. Jim Crabble, founder and president of Konnects.com.

Of the 15 other entrepreneurs who attended, just four offered products or services that might appeal to angel investors, said Ed Hansen, program manager for the Alliance of Angels.

Full Story: http://www.thenewstribune.com/business/columnists/voelpel/story/5578252p-5017887c.html

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