Venture capital. It’s a phrase that can conjure images of celebrations marking paydays for innovators and payoffs for investors. However, there are no guarantees that funding will move a company ahead in its lifecycle or that those with the deep pockets will ever see a penny in return.
Angel Investment Tax Credit
Incentives for innovation: The Angel Investment Tax Credit program is set to expire June 30, 2021. That’s why the Arizona House of Representatives is considering HB 2409 in the current legislative session. Continuing the tax credits is key to innovation cultivation and truly becoming the tech hub we’re meant to be.
As the Arizona Legislature approaches the midpoint of their current session, I would like to share with you some pending legislation lawmakers are considering that would not only support our technology community but also residents of Arizona. Two bills would extend two enormously successful tax credit programs while another measure would help fuel expansion of a mindset focused on science, technology, engineering and math.
AZTC CEO Steve Zylstra discusses why re-authorization of Arizona’s Angel Investment Tax Credit program beyond 2021 is necessary to continue the infusion of investment in the startup community and is necessary to continue the tech success the state has experienced since the inception of the program.