MADISON – Governor Scott Walker announced that OnScreenBrands, Inc., of Milwaukee has received the Qualified New Business Venture certification and the Qualified New Business Venture Capital Gains certification from the Wisconsin Economic Development Corporation. OnScreenBrands has projected creating at least three new jobs in Milwaukee over the next three years.
The QNBV status makes investors in the company eligible for a 25 percent tax credit on the amount they invest in the business. The QNBV Cap Gains program allows investors who have Wisconsin capital gains liabilities to defer cap gains taxes by investing the capital gain into OnScreenBrands, Inc.
The WEDC said the QNBV program and new incentives for investment in these companies will accelerate their potential for growth and job creation in Wisconsin.
OnScreenBrands is seeking to develop services for streaming video providers that operate through enhanced interactive video.
The WEDC is Wisconsin’s lead economic development agency.
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