For Startup Accelerators, (Class) Size Does Matter
December 20, 2112 | Wall Street Journal
Turns out, with accelerators, size really does matter. While startup accelerator Y Combinator has sliced the size of its next class by around 40% after deciding that it grew too fast, competing, smaller accelerators are either maintaining their class sizes or, in at least one case, expanding a little. In the land of startups, changes to incubators is kind of a big deal.
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Ken Griffin Calls Illinois Tax Incentives Cronyism
May 22, 2013 | Chicago Tribune
Citadel founder Kenneth Griffin named and shamed local corporations that have taken tax incentives from the state’s financially strapped government in a Monday evening speech to a prominent Chicago business group. Griffin said the story was "sadly' not unique. Citing Chicago Tribune reporting, Griffin put logos of Illinois businesses that had accepted tax incentives on a large screen behind him.
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Minnesota's Investment Tax Credit for Angel Investments Unfunded for 2013
May 22, 2013 | St Paul Pioneer Press
The Minnesota Legislature opted not to allocate additional funds to the state's popular Angel Tax Credit program as it ended the session on Monday night, May 20, leaving the program closed to applications until 2014. A Senate bill had proposed to infuse the program with another $5 million in credits for the 2013 calendar year, but it was ultimately excluded from the final tax bill,
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Farmers’ Hopes Lie with Immigration Bill
May 22, 2013 | Raliegh News & Observer/McClatchy
Walk the aisles of any neighborhood grocery store today, and you’re as likely to find tomatoes picked in Sinaloa, Mexico, as Central California, or oranges from Sao Paulo, Brazil, as Bradenton. Farmers across the country warn that shoppers will find even more imported food on their store shelves if Congress fails to pass immigration legislation that would guarantee them enough workers to milk their cows and harvest their fruits and vegetables.
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Nashville Teen to Get $100,000 for Startup but Must Quit College
May 22, 2013 | The Tennessean
A young Nashville entrepreneur is getting $100,000 to focus on his startup — and drop out of college. Mark Daniel, 19, recently won a two-year fellowship from a foundation created by Silicon Valley financier and PayPal co-founder Peter Thiel. The fellowship gives Daniel $100,000 over two years to focus on his startup, with one caveat: He must not attend college during those two years.
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Mall of America Hopes Tax Break Jump-starts $1.5B Expansion
May 22, 2013 | St Paul Pioneer Press
The Mall of America -- already big -- is poised to get a lot bigger. Minnesota lawmakers passed a $250 million tax break to jump-start a long-dormant Phase II expansion, approving it as part of the omnibus tax bill just minutes before the 2013 Legislature ended at midnight Monday, May 20.
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