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2004 (April) Roundtables: Development of Capital for Non-profits

Jim Houle, Esq. launched an energetic discussion regarding procurement of capital for non-profits by introducing  a new program he has designed for the Finance Authority of Maine’s Business Capital Access Program called the Maine Seed Capital Tax Credit Program. “This program is designed to encourage equity investment in young business ventures, directly and through private venture capital funds. FAME may authorize State income tax credits to investors for up to 40% of the cash equity they provide to eligible Maine businesses. Investment may be used for fixed assets, research or working capital.”