Angel investors make investments in start-up and entrepreneurial companies - the type of companies that are key to a thriving economy and high-paying jobs. Due to their nature, these are risky investments. To incent these investments, most states have some type of incentives to help offset a part of the investment risk. As an example, North Dakota recently passed a law that extends a 45% tax credit to angel investors who back homegrown businesses. Angel Investor Credits are key to a thriving entrepreneurial ecosystem.

The Louisiana Angel Tax Credit program placed the state in a very competitive position with most other states. Unfortunately, that competitive edge was lost when the credit bill was allowed to sunset due to time constraints on the legislature in the last session. In order to regain that competitive position, an effort is underway to replace the credit bill with new incentives for Angel Investors in the upcoming legislative session that begins in March 2010.

Time is of the essence and things need to begin progressing rapidly.  You are invited to join that effort by attending an Angel Incentives strategy meeting on Wednesday, December 16th. For More information, contact South Coast Angel Fund at info@southcoastangelfund.com .