(1) Equity investment incentives in the form of tax credits to persons or companies investing in certain types of eligible businesses are created.
(2) The equity investment incentives shall: Encourage capital investment in certain types of businesses including: Early-stage businesses and start-up businesses in this state;
(3) Businesses paying wages in excess of prevailing wages in the state or the county where the company is located; and
(4) Businesses that are invested in by venture capital funds and regional or community-based alliance funds; and
(5) Create new jobs.
(6) An equity investment incentive tax credit is created that shall be equal to thirty-three and one-third percent (331/3%) of the approved amount invested by an investor in an eligible business, as identified in § 15-4-3303(a).
(7) The tax credit, if awarded, is available to the investor.