State needs to do more for angel investors
Reader Comments
| January 27, 2008 |  View for printing |
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
Reader Comments:
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Every state is in competition with every other one when it comes to developing entrepreneurial companies. Companies can be located anywhere. Those states that have the most encouraging programs will get the majority of the best of these companies. How is Montana or any other state stacking up to Wisconsin or any other state that is genuinely focused on new economy entrepreneurial gazelle companies? We're trying to catch up but we have a long way to go. --Russ
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