“Aside from sharing the same first letter, “Mojo” and “Minnesota” are words that don’t seem to carry a lot in common, though that may soon change. The state is home to 19 Fortune 500 companies, a world class hospital and research center in Rochester, and Spam-what else do you need?-but the land of 10,000 lakes has long lacked competitive fire, the kind of risk hungry entrepreneur and investor that not only tolerates failure but embraces it.
Mindful of this, a group of entrepreneurs, lawyers, and investors have formed MOJO/minnesota, a grass roots group that wants to restore the state’s taste for risk and innovation. From advocating for the angel investment tax credit to finding the local Steve Jobs MOJO/minnesota hopes light a spark under the state’s proverbial rear end.”
MOJO/Minnesota is “a collective agitating for innovation and biz revolution in Minnesota.” The 11 person group, facilitated by Ernest Grumbles III & Brad Lehrman, has released their statement on the Angel Tax Credit. For a thorough background and context on the SBITC/Saltzman Bill/Angel Tax Credit situation, see our previous coverage here and here.
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