"There is an explosion in entrepreneurship and people want to get in on it," said Matthew Nemerson, president of the Connecticut Technology Council, which started lobbying for a tax credit for angel investors more than five years ago. "The legislation came at the right time to throw fuel on the fire. Because of the $100,000 limit, the fuel [was] a little bit watered down."
"Thirty companies have gotten investments since a law took effect 18 months ago allowing investors who put at least $100,000 into young, small Connecticut firms in certain technology and science fields to deduct a quarter of that investment from their state income taxes.
Two months ago, the state loosened the angel investor tax credit to $25,000, and nine of the 30 deals have closed just since then, for a total of $2.1 million."
Read the full article by Mara Lee in today'sHartford Courant, http://cour.at/z3K09W