Angel Investment Tax Credit Helps Produce $1.72B in Deals Since 1999

A tax credit designed to encourage angel investors and angel groups to put money in startup companies has produced nearly six times the amount of benefits inn direct funding, two lobbying organizations have told the North Carolina General Assembly.

Additionally, the firms that received the angel investments went on to raise a total of $1.72 billion since the credit was initiated in 1999, according to figures compiled by the North Carolina Biosciences Organization and the North Carolina Entrepreneurial Association.

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