Wisconsin Department of Commerce Newsletter
Governor Doyle Qualifies Five Technology Companies for Investor Tax Credits
MADISON - Governor Jim Doyle today announced that the Department of Commerce (Commerce) has qualified five small businesses for investor tax credits under the new Angel Investor and Venture Fund Tax Credit Programs.
"I championed legislation to spur more venture capital investment, as it is essential to the state's economic growth," Governor Doyle said. "By encouraging investors through tax credits to make these crucial investments - we are helping to turn these great ideas into viable, job-creating businesses."
The Angel Investor and Venture Fund Tax Credit Programs offer Wisconsin income tax credits to angel investors and investors in seed-stage venture capital funds. These programs are designed to increase the supply of both qualified angel investors and investors in qualified venture capital funds.
The tax credits are available only for investments made in technology businesses qualified by Commerce. As Commerce qualifies businesses for investment, it will list them on the Commerce website at commerce.wi.gov/act255.
The qualified new business ventures are as follows:
For further information on the Angel Investor and Venture Fund Tax Credit Programs, contact Jamie Wall, Department of Commerce, at 608-267-0770.
- Tony Hozeny
The newsletter is issued electronically every other month.
Please send comments or questions to Barbro McGinn, editor.