Kansas City, MO, October 19, 2010 –Angel investors and entrepreneurs are reacting rapidly to the provision of the Small Business Jobs Act of 2010 that provides a 100 percent exemption for gains made in Qualified Small Business Stock (www.irs.gov/publications/p550/ch04.html#en_US_publink100010688).
This benefit is for investments made between September 27 and December 31, 2010. The Angel Capital Association (ACA) (www.angelcapitalassociation.org) alerted members to this important development and the organization is seeing accelerated activity.
“This provision encourages angels and entrepreneurs to speed up investments that are already in the pipeline,” said Marianne Hudson, ACA’s executive director. “The significance is that entrepreneurs will receive the funds they need to grow their businesses sooner. That means they can hire people which adds new jobs to the economy.”
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