For anybody in New Orleans, here’s a great post from Chris Schultz about tax breaks for startup investment in there.  Montreal has similar tax breaks for investment as well.  These types of things can really help out an economy although I think they need to be well targeted and they need to have an expiration date.  Otherwise, the government starts getting deep into moral hazard.

NY, in it’s infinite capitalism, has things like NYC Seed for which we just applied.  They want to make money though, nothing for free :-)

There is a group called ITAC which will help out all sorts of technology companies in New York City with getting government money in addition to help with business plans and such.  I met the head of that group a few Friday’s ago, Franklin Madison.  He seemed like a very nice fellow.

This fantastic post was submitted by David Rose on the NY Tech Mailing list, although I can’t find a link to it so here it is in full.  It really sums up what is needed in the city, coordination of all the resources available.  I don’t think this is anybody’s fault - it’s just that there’s so much going on that there really needs to be a solid team of people working on putting it all together for people to read and understand:

The Council of the City of New York
October 27, 2008

Committee on Economic Development jointly with the Committee on Small Business
Oversight: Encouraging the Growth of the City’s Technology-Based Business Sector

Testimony of David S. Rose, Chairman of New York Angels

Good afternoon. My name is David S. Rose, and I am a serial entrepreneur-turned-early-stage-investor who has been founding and financing technology companies in New York City since 1983.  I testify today as Chairman of New York Angels, the largest and most active organization of professional technology angel investors in New York City. Our 75 members, including many of the best-known high-tech investors on the East Coast, have invested over $35 million into more than four dozen early stage technology companies during the past six years.
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