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By Tom Hester | December 17th, 2012 - 3:21pm
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Quijano, Schaer, Albano, DeAngelo & Gusciora Bill to Boost Emerging Technology Businesses Gets Final Legislative OK

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 received final legislative approval Monday as part of Assembly Democratic job creation efforts.

The bill (A-1084) is known as the New Jersey Angel Investor Tax Credit Act. It now goes to the governor. 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 the New Jersey General Assembly Democratic Office Web site.

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Quote of the Day

quote of the day

"Enlisting Fox is another reminder of how much Christie has truly relied on insiders, including Democrats, to bolster his agenda or bail him out of trouble. Not long after arriving in Trenton in 2009, Christie began collaborating with George Norcross, the deeply entrenched Democratic Party kingmaker, to help him cut deals with a Democratic-controlled Legislature.
When his close ally David Samson resigned as chairman of the Port Authority over conflict-of-interest questions earlier this year, Christie replaced Samson with John Degnan, a pillar of the Democratic Party establishment. And now, confronted with a crisis, Christie has turned to “Jamie,’’ as Fox has been known throughout political circles since he began as an aide in the Democratic Senate in the 1980s." - columnist Charles Stile

- The Bergen Record

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