What Does Angel Investor Tax Credit Program Mean For Arizona's Tech Community?

Published: Tuesday, June 13, 2017 - 2:26pm
Updated: Wednesday, June 14, 2017 - 7:05am

Supported by BeachFleischman

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.

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