Entrepreneurial endurance — With an assist from the state, startups keep moving during the pandemic
Posted Tuesday, July 21, 2020
“The New Jersey Economic Development Authority on July 14 unveiled the first two recipients for the expanded version of Angel Investor Tax Credits, which helps investors recoup some of the financial losses incurred from investments in budding technology and life-sciences startups.
Under the $25 million program, investors can sell tax credits for up to 20 percent of investments into certain startups in the state, or 25 percent for investments in low-income communities, federal opportunity zones or businesses owned by women or people of color.”