State tax incentives for angel investors get a mixed response from economists and investors. But the need to stimulate successful entrepreneurship is strong. Michigan recently ended its program but supposedly has something new in the works.
The Wall Street Journal takes a look at the impact and how other states have fared with their incentives.
Excerpt:
"When meeting with potential investors, the owners of the Rochester Hills, Mich., business touted the state's special tax break for angels—a term used to describe wealthy individuals who provide capital to start-ups. The Michigan incentive at the time allowed angels to seek tax credits of 25% on their 2011 investments in qualified start-ups."
Read the rest
here.
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