Insights
Client Alert
The Small Business Investment Company Program
October 01, 1999
Stephen M. Fields
In an effort to promote the growth, modernization and expansion of American Business and to create jobs, expand the tax base and promote exports, the federal government – with highly unusual bi-partisan support – has given those who qualify (experienced investors), in excess of $2 billion dollars, since 1995, for the purpose of investing in U.S.-based companies that do not exceed a certain size ($18 million net worth and $6 million after-tax net income).