Tag: Brett Broesder

Connecticut House Passes Manufacturer Permit for Farm Brewers Bill

Connecticut’s House of Representatives passed a bill that aims to create a manufacturer permit for a farm brewery (H.B. 5928). The permit would cost each permittee $300, subsequently allowing the permitted to manufacture, store, bottle, distribute, and sell up to 50,000 gallons of beer that is brewed on a farm annually. Also, permittees can officially advertise their product as “Connecticut Craft Beer.”

In response, Brett Broesder, co-founder and vice president of Campaign for Tomorrow’s Jobs made the following statement:

“The craft brewery industry is growing in Connecticut and nationwide. Right here at home, craft breweries have a more than $500 million economic impact every year, and that number is growing as nearly 40 new job creating craft breweries are currently in the planning stages across the state. In order for Connecticut to win the competition for tomorrow’s good-paying craft brewery jobs, we need business-friendly measures like the manufacturer permit for farm brewers.

“If it is approved by both chambers and signed into law, the permit should help boost demand for homegrown farm products while creating jobs and new tourism opportunities. By bringing agriculture and craft breweries together, we can help to revitalize our state’s economy.

“Thanks to Senator Leone, Senator Witkos, Representative Baram, Representative Smith, Representative Albis, Representative Ziobron, and Representative Candelora for their leadership on this important bill. This measure aims to help our state win the competition for tomorrow’s jobs. Therefore, the Campaign for Tomorrow’s Jobs is hopeful that the bill will get the support it deserves from the State Senate, followed by receiving Governor Malloy’s signature.”

To read testimony from the Campaign for Tomorrow’s Jobs in support of H.B. 5928, click here: http://bit.ly/2nFvo6H

(Press Release)

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Angel Investor Bill

Milford, CT  — A bill that would expand investment eligibility under the state’s angel investor tax credit program passed the House of Representatives on Wednesday. The measure passed 144-0 with 5 absent and not voting, according to the Connecticut General Assembly’s website

In response, Brett Broesder, co-founder and vice president of Campaign for Tomorrow’s Jobs, said that angel investors bring much-needed capital to startups, as well as wisdom and experience, often playing a mentor role with companies in which they’ve chosen to invest.

“Here’s the bottom line: We need to grow Connecticut’s economy, and by expanding eligibility under the angel investor tax credit program – a pro-growth, pro-job creation measure – we can show that our state means business when it comes to winning the competition for tomorrow’s jobs,” said Broesder.

A public hearing on House Bill 5583 was held on February 23, and the bill was approved unanimously by the General Assembly’s Commerce Committee on March 16.

Prior to the House of Representatives voting on the bill Wednesday, Commerce Committee Co-Chair Representative Caroline Simmons held a press conference in support of the bill

At the press conference , Representative Simmons said: “With every angel investment, 3.6 jobs are created and these investments will go directly to local jobs in our communities.” The bill, which still needs approval from the senate and the governor, will open the angel investor tax credit program to businesses in any industry, instead of just those in specified technology industries, according to analysis from the Office of Legislative Research

If the senate passes the bill and it’s signed by the governor, it will go into effect July 1.

Here is additional information about the importance of angel investors:

  • Since 2010, when Connecticut introduced its angel investor tax credit, more than 200 investments by 90 angels in over 50 companies have benefitted from the program, according to the New Haven Register

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For more information on expanding investment eligibility under the state’s angel investor tax credit program, click here: http://bit.ly/2nR25io

(Press Release)

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