Angels investing for fun and profit

March 25, 2007 at 8:46 pm | In business, economic development, entrepreneurship, north carolina, taxes, venture capital | Leave a Comment

There is a connected series of stories in the News and Observer today about angel investing in the state. While the piece tries to cover a lot of ground in just a few columns, there’s some really good information. The writers look at everything from advice for buying into a friend or family member’s company to suggestions for lowing the risks when it comes to investing in startups. They also point out that the state offers a big tax credit for investing in startups:

State law allows investors who put money into companies that are registered as “qualified businesses” to claim a tax credit of up to 25 percent. That means for every $1,000 you invest, you can receive a tax credit of up to $250.

The N&O has really been on an entrepreneurship tear lately, but it’s good to see them cover startupping from this angle.

– mvc

New jobs for Lenior

March 25, 2007 at 3:01 pm | In business, community, economic development, north carolina, rural development, technology | Leave a Comment

An older piece, but one well worth a read. The New York Times reports on Google’s plans to build a pair of server farms in Lenior. The city hopes that the new jobs will help to transform the area’s economy, which is trying to transition away from furniture making.

– mvc

Blog at WordPress.com. | Theme: Pool by Borja Fernandez.
Entries and comments feeds.