Maybe you’re a person with a great idea and just need the money to get it off the ground. Maybe you’re a small business who wants to grow to a larger business but lack the capital to do it.
A number of states have passed tax credits for angel investors in an effort spur additional financing and new business formation for entrepreneurs. If early returns from a program in Minnesota are any indication, the tax credits may be a widespread success.
A new Connecticut jobs bill that includes a tax cut for angel investors – which goes into effect on July 1 – should encourage investment in small businesses in the state, according to the American Chronicle.