Angel Investment

An overview of the program is provided below, but please feel free to also review the   Summary   and   Guidelines for additional information.  The   Program Manager   is also available should you wish to be added to the list of individuals interested in staying abreast of any changes to the program, and to answer any questions you may have.  Please be sure to indicate the Angel Investment Program as the subject of your inquiry. Objective 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 providing tax credits to investors who make investments in small businesses certified by the Arizona Commerce Authority and by eliminating Arizona capital gains tax liabilities associated with the disposition of investments in those small businesses. Click here to view the list of businesses that have been certified under this program. BASIC ELIGIBILITY REQUIREMENTS A small business may be a “qualified small business” if it: Is a corporation, limited liability company, partnership or other business entity (Sole proprietors are ineligible) Maintains a portion of its operations in Arizona Has at least two principal non-administrative full-time equivalent employees who are Arizona residents Is not principally engaged in  activities precluded by ACA Does not engage in activities that involve human cloning or embryonic stem cell research Does not have assets exceeding $10 million, exclusive of intellectual property and qualified investments Satisfies all other requirements BASIC INVESTOR ELIGIBILITY REQUIREMENTS An investor may be a “qualified investor” eligible for tax credits if it: Is an individual, limited liability company, sub-chapter S corporation or a partnership (C corp ineligible). Submits an application to the Authority within 90 calendar days after making a qualified investment. Makes qualified investments in one or more qualified small businesses. Investment amounts made by the investor and its affiliates in a single year up to $500,000 generate tax credits; investment amounts made by the investor and its affiliates over $500,000 do not generate tax credits. Immediately before making an investment the investor does not possess, along with its affiliates, more than 30% of the total voting power of all equity securities of the qualified small business. BASIC INVESTMENT ELIGIBILITY REQUIREMENTS An investment may be a “qualified investment” if it: Is made on or after July 1, 2006. Is an equity security. Is at least $25,000 in cash or cash equivalent such as cashiers check or travelers check. Is reported to the Authority within 90 calendar days after the investment is made. APPLICATION PROCESS To fill out an application, please request a username and password. Once you receive the username and password, login to the EASY Portal to complete an application. REQUEST PASSWORD EASY APPLICATION PORTAL EMAIL UPDATES If you would like to be kept abreast of developments with the Angel Investment program, please click here to send an e-mail requesting such notification . Please be sure to identify Angel Investment as the program for which you would like notification.