The bill would extend an existing tax credit for “angel” investments in startups by individual investors, while expanding the applicability of that and other tax credit programs to support startups in newly established “innovation districts.” On a de facto basis, Gov. Dannel P. Malloy created innovation districts across Connecticut in 2011 by freeing up $5 million in funding to support a chain of startup accelerators, including the Stamford Innovation Center, B:Hive in Bridgeport and the Danbury Hackerspace among others, with the Stamford-based Business Council of Fairfield County also winning funding for its own efforts.
Image: Matthew Brown / Hearst Connecticut Media
