Angel investor tax credits help raise $164 million for start-ups in 2012

Investors in 63 early-stage companies received $12.1 million of tax credits from the state in 2012 under a program designed to spur funding for young, high-tech companies, according to a report that will be released Wednesday by the Wisconsin Economic Development Corp.

Those tax credits, in turn, helped the companies raise $164.7 million during the year, the report says.

Report comes as Legislature considers lifting cap on tax credits

By Kathleen Gallagher

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