Posts Tagged ‘HB 3627’

The Oregon Entrepreneur Investment Act passes Senate unanimously

Legislation encouraging Oregon entrepreneurs to start new businesses found enthusiastic support in the Senate this morning. HB 3627, coined the Oregon Entrepreneur Investment Act, allows workers who receive a severance package to deduct that severance pay from their income taxes in order to invest in a new or existing small business.

“One of the biggest obstacles to starting a business is raising capital.  And sometimes a severance check is the largest portion of capital people can bring to their new business,” said Senator Mark Hass (D-Beaverton), who carried the bill on the floor. “This is a small shot in the arm for Oregonians who can take an economic setback and turn it into an opportunity.” Continue reading “Legislation encourages entrepreneurs to invest in Oregon business, create jobs” »