THE province has upped the ante to encourage Manitobans to invest in local growing businesses.
In this week's budget, the province announced that the Small Business Venture Capital Tax Credit will rise to 45 per cent from 30 per cent and the maximum amount one company can raise with tax creditable investments doubles to $10 million from $5 million.
Librestream Technologies, a Winnipeg company that develops collaborative mobile video technologies, has raised $5 million using the tax credit in the past.
Kerry Thacher, Librestream's CEO, applauds the move to broaden the program's scope.
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