Joey Frayne joins The Savvy Entrepreneur Radio Show to talk about Wisconsin's Qualified New Business Venture Tax Credit. He's worked with entrepreneurs his whole life, starting with working in the family's pizza franchise as a kid.
Now he counsels startups and small businesses of all kinds through his role as Investment Technology Manager at the Wisconsin Economic Development Corporation, or WEDC.
We talk about what the WEDC does, and some of its programs. In particular, we focus on the Qualified New Business Venture Tax Credit. The program is not a direct subsidy to small businesses. Instead, it's a tax credit for those who invest in small and startup tech businesses, thereby boosting small businesses indirectly. Investors can include angel firms, venture capital firms, family offices, or high net worth individuals.
Joey talks about how the program has grown and helped hundreds of small Wisconsin companies. And for those not in Wisconsin, Joey assures me that many (if not most) other states have similar programs.
Take a listen by clicking on the arrow to the left! You can also learn more about the program here. You can also learn more about other Wisconsin resources to help entrepreneurs by listening to this podcast.
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