News

Wisconsin Gov. Jim Doyle wants to boost tax credits for Angel investments. Millions sought for new ideas

February 1, 2007 /

MATR Sponsor (view all)

Bear Paw Development Corporation is a private non-profit organization created for the purpose of administering programs to help improve regional economic conditions in Hill, Blaine, Liberty, Chouteau and Phillips Counties and the Fort Belknap and Rocky Boy's Indian Reservations.

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

***

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