Minnesota’s Angel Tax Credit Returns

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Via Twin Cities Business

“Minnesota’s ‘angel tax credit’ program for startup investors is back. The Minnesota Department of Employment and Economic Development (DEED) has announced that it will begin accepting applications for the program on July 1. The state has pledged to provide $10 million in tax credits this year. Another $10 million has been authorized for 2021.The angel tax credit program provides a 25 percent credit to investors who provide capital for tech-focused startups. DEED says the program is intended for startups focused on ‘high technology, new proprietary technology, or a new proprietary product, process, or service in specified fields.'”

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