Articles
Youth Sports Bill Hits Capitol Hill
Rep. Josh Gottheimer (D-NJ) has introduced the Promoting Lifelong Activity for Youth Act, which aims to expand tax credits for youth sports parents and boost participation.
The PLAY Act is co-sponsored by Rep. Mike Lawler (R-NY). He and Gottheimer previously proposed the bill in 2023— Lawler proposed legislation creating a youth sports equipment tax credit earlier this year.
The bill would change current tax law and allow parents to apply certain youth sports expenses toward the Child and Dependent Care Tax Credit.
The bill also creates a youth sports-specific federal grant program.
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The maximum dependent tax credit is currently $3K for one kid and $6K for 2+; youth sports expenses are currently not applicable to the credit...
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Upstart Youth Sports Tech Platform Gaining Momentum
Sprocket Sports Scores Series A Investment
The Chicago-based youth sports management services and software firm announced it has finalized an investment round with Frontier Growth, which specializes in vertical SaaS companies.
The capital will be used to "accelerate investment across its product suite and sales and service teams."
Frontier’s website says the firm typically seeks out companies with $3-$20M in ARR and at least 25% annual growth with a typical initial investment of $5M to $30M.
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