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Wisconsin Gov. Jim Doyle wants to boost tax credits for Angel investments. Millions sought for new ideas
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Gov. Jim Doyle will propose an expansion of a tax credit program for investors in young state companies in his "state of the state" address tonight.
Doyle will propose increasing from $13 million to $23 million the amount of credits available in the next two years. The legislation that created the program in 2004 calls for a 25% tax credit – a dollar-for-dollar reduction of taxes owed – to investors in companies that qualified for the program.
By KATHLEEN GALLAGHER
[email protected]
Full Story: http://www.jsonline.com/story/index.aspx?id=558595
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The deadline to submit preliminary entries for this year’s Governor’s Business Plan Contest is 5 p.m. on Wednesday. More than $160,000 in cash and prizes will be awarded to winners, with the top plan receiving a $50,000 grand prize. Nearly 160 businesses and individuals have already signed up for the contest, run by the Wisconsin Technology Council. For more information, go to http://www.govsbizplancontest.com
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