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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
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"Gov. Chris Christie says he won’t campaign for the Republican gubernatorial candidate in New York because the cause is hopeless: Gov. Andrew Cuomo is ahead by more than 30 points. But he will campaign in New Hampshire, over and over, where the Republican is also trailing by more than 30 points. What’s the reason? It may be that New Hampshire holds the nation’s first presidential primary. It may be that he doesn’t want to mess with Cuomo, who knows where the skeletons are buried at the Port Authority. But one thing is certain: Gov. Straight Talk is spinning again. And it seems to be habit-forming." - columnist Tom Moran- Star-Ledger
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