By Adam H. Berry, vice president of economic development and technology * PDF version available for printing * Indiana Chamber priorities in economic development and technology received a boost during the 2019 legislative session. In particular, progress was made in the areas of talent, place, capital and innovation. Talent: Hate Crimes Bill Bolsters Hoosier Hospitality Senate Bill 198 makes [...]
(INDIANAPOLIS) — A major victory in the 2019 Indiana General Assembly legislative session came with lawmakers approving transferability of the state’s venture capital investment (VCI) tax credit. That step says Indiana Chamber of Commerce President Kevin Brinegar shows how far the state has come but more work remains. “Two decades ago this tool to attract vital funding to support [...]
Senate Bill 563 – Economic Development Authored by Sen. Travis Holdman (R-Markle) and Sen. Erin Houchin (R-Salem) Makes a variety of positive changes to tax policy and incentive programs intended to promote and enhance economic development. Of note, the bill allows a taxpayer to assign all or part of a venture capital investment tax credit (VCI), subject to certain [...]
Venture capitalists' wallets are tightening, according to a recent report by PricewaterhouseCoopers (PwC). In the first quarter of 2019, venture capital (VC) funding fell 36% to $25 billion, with 4% fewer deals compared to the fourth quarter of 2018 – when $39 billion was invested in 1,328 deals. And while the 2018 dollars were impressive, the total number of [...]
