Sinema Introduces Bipartisan Bill to Encourage Economic Growth in Arizona’s Startup Industry

Nov 14, 2023

Sinema’s HALOS Act eliminates barriers to investment funding for startups

WASHINGTON – Arizona senior Senator Kyrsten Sinema introduced the HALOS Act alongside Senators Chris Murphy (D-Conn.) and Thom Tillis (R-N.C.)– bipartisan legislation eliminating restrictions for those looking to invest in startups, making it easier for small businesses to access capital and get off the ground. 

“Arizona is home to the best growing and innovative startups. Our bill makes it easier for entrepreneurs and small business owners to access investments so they can open their doors, grow our economy, and create strong careers for Arizonans,” said Sinema.

With over 99% of Arizona businesses being small businesses and the City of Phoenix ranking as a top global startup market, their ability to access capital is crucial to a strong Arizona economy. 

Sinema’s HALOS Act makes it easier for angel investors to fund startups – helping these small businesses gain access to capital to establish themselves, serve the community, and fuel a resilient economy. As Arizona’s tech sector continues its growth, the HALOS Act will help dynamic companies grow and hire.