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New angel tax credit program intended to prod investment

Finding investors in a weak economy is never easy, but John Marano hopes a new state tax credit will persuade some wealthy individuals to take a chance with his medical equipment manufacturing company.

Marano, president and CEO of Vascular Insights, which manufactures and sells equipment to treat varicose veins without surgery, anesthesia and hospital stays, said he’s looking to the new Connecticut tax credit to attract more investors and more money to the Madison company.

"If it comes from one investor or multiple investors we’re looking for funds," he said. "We’re anxious to see how it works."

STEPHEN SINGER, AP Business Writer

Full Story: http://www.greenwichtime.com/news/article/Conn-tax-credit-intended-to-prod-investment-616602.php

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