Senate saves program that attracts investments to Maine startup companies

The program, created in 1989, is estimated to have created more than 1,800 jobs in Maine since 2003 and helped retain another 5,000.

The Senate on Thursday voted to save a program that provides tax credits to people who invest in Maine startup companies.

The Maine Seed Capital Tax Credit program, which is said to have attracted roughly $70 million in investments in Maine companies, reached its lifetime cap of $30 million in tax credits in January.

By Whit Richardson, BDN Staff

Full Story: http://bangordailynews.com/2013/06/27/business/senate-saves-program-that-attracts-investments-to-maine-startup-companies/