Governor M. Jodi Rell recently announced that a key provision of the bipartisan Jobs Bill that Governor Rell helped shepherd to passage in the most recent legislative session is triggering a $72 million investment in at least 25 Connecticut small businesses, helping to create jobs, spur innovation and strengthen the state’s economy.
Advantage Capital Partners is the first venture capital and small business finance firm to be certified as a fund manager under the newly revised Insurance Reinvestment Tax Credit program, which was updated as part of the Jobs Bill. The program leverages private capital provided by insurance companies that is then invested by state-certified fund managers.
The Jobs Bill – passed by the Legislature in the waning days of the regular session – is a sweeping, bipartisan package that offers incentives for employers, supports small business and emerging industries, provides resources for tuition and training, helps manufacturers find efficiencies and includes accountability measures to safeguard state taxpayer dollars. The bill was the product of cooperative efforts Governor Rell began in the first leadership meeting of the legislative session.
To read the full, original article click on this link: NorwalkPlus.com News - Expanded tax credit program creates new fund for growing firms
Author: Governor Rell's office
