"STATEMENT: Expanding CT's Angel Investor Tax Credit Eligibility"

Milford, Conn. (April 5, 2017) -- Today, leaders in the state's House of Representatives held a press conference urging their colleagues to support a bill that would expand investment eligibility under the state's angel investor tax credit program (H.B. 5583).

In response, Brett Broesder, co-founder and Vice President of Campaign for Tomorrow's Jobs, made the following statement:

"Angel investors bring much-needed capital to startups, as well as wisdom and experience, often playing a mentor role with companies in which they've chosen to invest.
 
“Here's the bottom line: We need to grow Connecticut's economy, and by expanding eligibility under the angel investor tax credit program – a pro-growth, pro-job creation measure – we can show that our state means business when it comes to winning the competition for tomorrow's jobs.

"Thanks to Speaker Aresimowicz, Majority Leader Ritter, Commerce Committee Co-Chairs Representative Simmons, and Senators Hartley and Frantz for their support of this measure. Hopefully, it will receive the support it deserves from both chambers of the General Assembly, followed by the governor's signature."

For more information on the angel investor tax credit program, please read our blog post titled, "270,200 Reasons for CT to Expand Angel Investor Tax Credit Eligibility."

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