Reenact the Qualified Business Venture Credit
This program could unleash $40 Million Dollars annually into the market for ventures at the earliest stages. We need your help to pass this bill. Statewide, early-stage founders are at a disadvantage. This program incentives investors through de-risking investments, offset by tax credits, to deploy capital to startups.
Ecosystems like ours need to remove barriers to funding for entrepreneurs. Find sign on letters below for Entrepreneurs, Investors, and Entrepreneur Support Organizations. Identify your state representative and send them the letter.
Elimination of the QBV Tax Credit in 2013 negatively impacted angel investing
| 46% of angel groups invest less capital |
| 38% of angel groups invest in fewer deals |
| 46% of angel groups invest in more out-of-state companies |
| Only 15% of groups reported that their investing activity is the same as before the credit expired |
Long-term Gains
QBV companies raise billions of dollars in follow-on capital creating long-lasting economic impact in North Carolina.
| Between 1989 and 2013, investors claimed $126 million in QBV Tax Credits. |
| This stimulated over $741million in financing for qualifying small businesses representing a 5.9X multiplier on State dollars during the life of the program. |
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70% of angel group leaders say that the QBV credit would have a very strong impact on recruitment and increase angel investor membership in their groups. |
What's in the bill?
- Increase to $10 Million cap
- Investors can take a 25% credit, not to exceed $50,000
- Groups can take a 25% credit, not to exceed $750,000
- Diversity bonus: 25% becomes 35% credit if investing in rural counties or opportunity zones
- Qualifying Ventures must be in these industries: primarily in manufacturing, processing, warehousing, wholesaling, research and development, or a service-related industry, and is registered with the NC Secretary of State
(Click on NC House and NC Senate)