Innovative Aid Pa. Program for High-Tech Startups Will Raise Funds by Selling Future Tax Credits to Insurance Industry

By Belser, Ann | Pittsburgh Post-Gazette (Pittsburgh, PA), September 27, 2013 | Go to article overview

Innovative Aid Pa. Program for High-Tech Startups Will Raise Funds by Selling Future Tax Credits to Insurance Industry


Belser, Ann, Pittsburgh Post-Gazette (Pittsburgh, PA)


Local organizations that invest in early-stage, high-tech startup companies are going to have a new pool of money soon.

Republican Gov. Tom Corbett and a raft of legislators, both Democratic and Republican, announced a new fund Thursday that they expect to bring in $80 million to $85 million for ventures in the very early stages of development.

The program, called Innovate in PA, will be funded by selling $100 million in future tax credits to the insurance industry.

State Sen. John P. Blake, D-Scranton, who formerly worked for the state Department of Community and Economic Development, said the legislation was passed with bipartisan support. It was modeled after a similar program in Maryland.

The way the program will work, insurance companies will bid to buy tax credits worth $100 million. Those credits will then be used later as payment of taxes. If the companies buy $100 million in tax credits for $80 million it is a 25 percent return on the investment over the period of the investment.

Mr. Blake said the state will start accepting the credits in lieu of taxes in five years and will only accept $25 million per year. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited article

Innovative Aid Pa. Program for High-Tech Startups Will Raise Funds by Selling Future Tax Credits to Insurance Industry
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this article
  • Highlights & Notes
  • Citations
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.