As of July 1, 2009, the annual tax credits available to investors in early-stage clean technology companies operating in B.C. will increase from $5 million to $7.5 million under the provincial government’s Venture Capital Programs, established to raise investment for small businesses developing new clean technologies.
“Innovative clean technology reducing GHG emissions will play a key role in helping to grow B.C.’s green economy,†said Technology, Trade and Economic Development Minister Ida Chong today. “The tax credits will lever up to as much as $25 million annually in venture capital to support clean tech companies that can offer exciting employment and investment opportunities to British Columbians.â€