26 Jan If Philly becomes an investment hub, it’s because of these 2 tiny tax changes…
Can a quiet 2008 change to the city tax code and its legislative update in 2012 get more venture capitalists (and the startups who follow them) to set up shop in Philadelphia? Years later, it may be too early to tell.
Don’t call it a tax break. That makes those involved in this 2012 City Council legislation nervous. But almost three years later, that minor change to the city tax code is a major reason why Philadelphia proper has any chance of developing an early-stage investment community. Even then, there’s still no guarantee it’s coming.
Read the full article at technical.ly