If the country would like to generate more jobs for people, they must also create more businesses with openings for people to take. That is why The Huffington Post has shared a few ideas on how the government can help entrepreneurs jumpstart job creation.
1) A 30 percent refundable tax credit for members of accredited angel groups for investments in U.S.-based startups. This credit would be refunded in the first fiscal year the investment is made.
Encouraging angel investment is not only good conceptually, but there’s precedence for its ability to increase funding for innovative companies. In British Columbia, where a similar program was instituted, 80 percent of angel investors who received the credits increased the amount of their investments. Ultimately the program also benefited taxpayers, with every $1 of angel tax credits resulting in $1.41 of additional tax revenue from the recipient companies.
To read the full, original article click on this link: How Washington Can Create Jobs - Business Opportunities Weblog
Author: Angela Shupe
