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What Does Angel Investor Tax Credit Program Mean For Arizona's Tech Community?
Entrepreneurs create companies that can create jobs or even change the world. But to do any of that, first, they need capital — money to get them started.
That often happens when so-called angel investors decide to take a chance on a budding company. And, now, in Arizona, those angel investors have a little more incentive to do that.
Gov. Doug Ducey recently signed into a law a bill that allocated $10 million back into the Angel Investor Tax Credit program. That means, if you’re a certified investor in Arizona, you get a tax credit of up to 35 percent when you invest in a local tech company.
And, to talk more about what that means for Arizona’s tech community, I’m joined by Steve Zylstra, president and CEO of the Arizona Technology Council.