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.