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Proposed Tax Break Could Boost Angels’ Role

March 28, 2007 /

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Bear Paw Development Corporation is a private non-profit organization created for the purpose of administering programs to help improve regional economic conditions in Hill, Blaine, Liberty, Chouteau and Phillips Counties and the Fort Belknap and Rocky Boy's Indian Reservations.

Proposed legislation winding its way through Congress could give angel investors a new incentive to fund start-ups — and a more visible profile in the small-business community.

The Access to Capital for Entrepreneurs Act would provide a 25% tax credit to investors with a net worth of at least $1 million who make equity investments in early-stage small businesses — the first time an investor would get a break for investing at the front end.

By COLLEEN DEBAISE
From SmartMoney.com

Full Story: http://www.startupjournal.com/financing/trends/20070326-debaise.html?sjcontent=mail