Startups and Investors: DEED Relaunches Angel Tax Credit Program
June 28, 2019
The Minnesota Angel Tax Credit, a popular incentive program that has helped 430 startups since 2010, will start accepting applications again on July 1, 2019.
The Angel Tax Credit program is now part of Launch Minnesota, a new initiative to grow Minnesota’s startup ecosystem.
The incentive program stimulates private investments in emerging Minnesota businesses by providing a 25 percent credit to investors or investment funds that put money into startup companies focused on high technology, new proprietary technology, or a new proprietary product, process or service in specified fields. By encouraging investors, this program helps new businesses at a critical time in their development.