Answer to Question #14132 in Management for Jords

Question

What support mechanisms should be in place to provide assistance to local investors or businesses?

Answer 1

State tax incentives to encourage venture capital investments and more recently, angel capital investments should be increased.

State technology, commercialization and economic development organizations are important in providing a variety of services to entrepreneurs and linking them with private service providers.

Seed capital and angel capital networks should be grown at the state and local levels and fill a critical early-stage gap not filled by venture capital firms.