We are pleased to inform you that the Angel Tax Credit program received additional funding from the State. We will be able to authorize $2.5 Million in tax credits each fiscal year for the next 10 years. Because this is new funding, it will be available to the ACA to authorize the FY22 amount beginning […]
The Arizona Legislature will soon consider an amendment to SB1124 that includes Affordable Housing and the extension of the AZBio supported Angel Investment Tax Credit. The Angel Investment program is designed to expand early stage investments in targeted Arizona small businesses. The program accomplishes this goal by eliminating Arizona capital gains tax liabilities associated with […]
On June 10th OmniLife was announced as the recipient of the 2021 BioLOGIC Innovation Award of $50k. Designed to promote innovation, entrepreneurship and transformative impact in the life sciences, the bioLOGIC Innovation Awards (BIAs) are open to early stage companies working to advance human health with biotechnology in Kentucky, Ohio and Indiana. OmniLife plans to […]
Over the last decade, Arizona has become a growing technology hub. One of the significant factors contributing to that achievement was creation of the angel investor tax credit. This program has helped to incentivize investment in early-stage companies and tech startups in Arizona. This program is set to expire on June 30, 2021, which could be […]
Arizona Angel Tax Credit Per the Arizona Commerce Authority – “the principal objective of the Angel Investment program is to expand early-stage investments in targeted Arizona small businesses. The program accomplishes this goal by eliminating Arizona capital gains tax liabilities associated with the disposition of investments in small businesses certified by the ACA.” This program […]
TUCSON, Ariz. (KGUN) — Tucson is turning heads in the global tourism scene. The city made Conde Nast’s 2021 Hot List as one of the best places to travel next. Tucson’s cultural heritage, food offerings, arts and hotel scene are helping the area gain renown. Read more at https://www.kgun9.com/news/local-news/conde-nast-traveler-names-tucson-as-one-of-the-best-places-to-travel-next
The Arizona Commerce Authority (ACA) is a hybrid public/private venture that serves as the state of Arizona’s economic development agency. The ACA has three primary objectives: attracting businesses to Arizona, expanding existing businesses into Arizona, and creating new companies in Arizona. With these pillars in mind, the ACA does these three things to meet the […]
Since 2012, Startup Tucson has been one of Tucson’s preeminent sources of access to the local innovation ecosystem. A Tucson-based 501(c)3 with a mission to create economic development through entrepreneurship and innovation, Startup Tucson connects entrepreneurs with community resources. The organization provides entrepreneurs with hands-on tools, such as the 6-week Startup Fundamentals Series, that teaches […]
Founded over 50 years ago, the Flinn Foundation is an Arizona nonprofit keenly focused on the development of the biosciences ecosystem in the state of Arizona. The Flinn Foundation was founded by Dr. Robert Flinn, one of Arizona’s most prominent cardiologists, and his wife, Irene, who at one time was the single largest shareholder of […]
Loneliness is one of the most pervasive and persistent mental, physical and social health conditions. An epidemic of loneliness constituted a health crisis before Covid-19, but the pandemic has greatly exacerbated the condition and put a spotlight on the high personal, health, social and economic costs associated with it. Research shows that loneliness increases mortality […]