In this Biz New Orleans article on angel investors in Louisiana, Rob Wollfarth comments on the future of angel investor tax credits in the state. Mr. Wollfarth notes that all the candidates for governor have pledged to call a special legislative session to examine the state's budget problems early next year, and that virtually all existing credits are likely to be reviewed at that time.
"The state has been on an amazing trajectory, rated as up and coming for business and economic development by multiple sources. Changing the game like this puts a damper on it, and has the potential to discourage new growth," said Mr. Wollfarth.
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