Bringing in Capital, Creating Jobs

Business group: Use state tax credits to spur venture capital investment

Monday, Sept. 19
By Victoria Pelham
Cronkite News

PHOENIX – Arizona can help small businesses expand and create jobs by following Utah’s lead and using tax credits to stimulate investment by venture capitalists, a group of business leaders and investors told lawmakers Monday.

“This is a great town to start a business in,” said John Kowalski, founder of a group calling itself the Arizona Growth Foundation. “We just have to make sure that we can continue that development and get them the funds they need to grow.”

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