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NVTC Sends Letter to Sen. Mark Warner Supporting the Startup Act 2.0

On Wednesday, June 13, NVTC sent a letter to Sen. Mark Warner, strongly supporting the Startup Act 2.0 (S.3217), which will significantly benefit NVTC member companies, and support entrepreneurship in Virginia and the nation.

NVTC believes the legislation will drive job growth and innovation by helping startup companies recruit and retain global talent with graduate degrees in science, technology, engineering and mathematics (STEM) fields; encouraging more research and development and investment in startups by making permanent the 100 percent exemption on capital gains for investments in small businesses for at least 5 years; and generating new intellectual property and new technology with a research and development tax credit for startups.