State needs to do more for angel investors

More than 50 angel investors at the Milwaukee Yacht Club heard Lorrie Keating Heineman promote a package of tax breaks for investments they were preparing to make in start-up enterprises, and they liked what they heard.

Heineman is secretary of the Wisconsin Department of Financial Institutions and the leading spokesman in the Doyle administration for creating an entrepreneurial culture and economy in the state. Heineman was an entrepreneur before taking her government post.

The heart of Gov. Jim Doyle’s incentives for investments in start-ups is an expanded 25% tax credit. The governor has proposed raising the limit per company under Act 255 from $1 million in capital raised to $4 million.

John Torinus

Full Story: http://www.jsonline.com/story/index.aspx?id=711413