Voters in 37 states will decide on more than 170 ballot measures this year, many of which are related to tech-based economic development (TBED). Tax measures seem to be dominating ballots this year, with questions relating to both decreases and increases for sales, property and income taxes. Several states are counting on voters to agree to temporary increases to help fill budget deficits and ensure steady funding for education.
Several states announced new or expansions to existing capital programs during the 2014 legislative session. The proposals targeted increasing the availability of venture/risk capital for job creation and establishing or expanding angel tax credits to spur investment in targeted sectors. Nebraska lawmakers allocated $50,000 to support and increase venture capital in the state. In Minnesota, Gov. Mark Dayton extended the state’s Angel Tax credit for two more years and added additional funds.
To continue the growing trend of intrastate crowdfunding, six states passed exemptions including Alabama, Indiana, Maine, Maryland, Tennessee, and Washington.