A bill to reinstate Louisiana’s angel investor incentive passed the Legislature and is on its way for Gov. Bobby Jindal to sign. The Baton Rouge Area Chamber and other regional business groups backed the legislation, which offers early-stage investors a 35% rebate on money invested in qualified companies with high-growth potential. The program was in place from 2005 to 2009; during that time BRAC says 94 companies across the state received more than $61 million in angel investments from 686 investors. “Access to capital is always an issue for entrepreneurs building growth companies,” says Adam Knapp, BRAC president and CEO. “The Angel Investor Program will make us more competitive by driving more risk capital into promising startups in the Capital Region and across Louisiana.”
BRAC applauds passage of angel investor incentive
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