By Scott Foster, President of the Board of Directors
Last August, Gov. Charlie Baker signed the 2016 version of the annual economic-development bill for Massachusetts. Significant to the startup community thriving in the Boston/Cambridge area and growing steadily throughout the Commonwealth was the inclusion of a new angel investment tax credit.
This tax credit looked to be a boon to startups seeking capital in 2017 and beyond, allowing investors to take an immediate tax credit (not a deduction, but an actual credit) of up to 30% of an investment made in a Massachusetts startup.
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