Economic Program | Idea Brief

A Start-up Research Tax Credit

by Jessica Perez and Tess Stovall

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Start-ups are the source of two things our economy needs most: jobs and innovation. And they need two things to succeed: ideas and capital. But the Research & Development tax credit—which drives each of these—isn’t available to many start-up businesses. Because the credit is only useful to profitable companies with tax liability, start-ups usually wait years until they turn a profit to take advantage of the incentive.

Our new proposal, “A Start-up Research Tax Credit,” would allow fledgling companies to sell their credits in the private market for an immediate cash infusion. This would not just improve cash flow, it would also help spur job creation and growth in our recovering economy.

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