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Quijano, Schaer, Albano, DeAngelo & Gusciora Bill to Boost Emerging Technology Businesses Advanced by Assembly Panel
Angel Investor Bill Part of Assembly Democratic Job Creation Efforts
(TRENTON) – Legislation Assembly Democrats Annette Quijano, Gary Schaer, Nelson Albano, Wayne DeAngelo and Reed Gusciora sponsored to boost emerging technology businesses and create jobs and economic growth for New Jersey was released Monday by an Assembly committee as part of Assembly Democratic job creation efforts.
The bill (A-1084) is known as the New Jersey Angel Investor Tax Credit Act. Angel investments are investments by wealthy individuals into high-risk start-up ventures.
“Start-up firms receiving such capital have a significantly higher rate of survival, faster growth and superior access to fundraising than early-stage firms devoid of angel financing,” said Quijano (D-Union). “It’s in New Jersey’s best interest to encourage angel investors to examine and invest in technology start-up businesses, as successful start-ups create jobs, generate wealth and enhance the overall well-being in the state..."
To read more please visit www.assemblydems.com
Republican Governors Association (RGA) Chairman Chris Christie has a full schedule of out-of-state political events Monday and Tuesday.Read More >
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By JEFF BRINDLE It is critical that the Legislature soon enact a pending bill that would ensure the state’s Gubernatorial Public Financing Program is available in the event of a special election for governor. Not only is there no current legal... Read More >
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