Friday, May 28, 2010

Bill offering tax credits to boost biotech startups clears Illinois Legislature | Crain's Chicago Business

would take effect Jan. 1. It grants a 25% state tax credit to investors in early-stage tech firms.

Boosters of the state’s technology and biomedical sectors said the measure is critical to keep Illinois competitive when vying to retain or attract promising young companies. Wisconsin, Indiana, Iowa, Michigan and Ohio all offer tax credits to so-called angel investors, who seed start-up firms in their earliest stages.

Bill offering tax credits to boost biotech startups clears Illinois Legislature | Crain's Chicago Business

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