Beta.mn Blog

The ‘angel’ tax credit for investors in startups could be on its way back to Minnesota

Written by Admin | Mar 4, 2019 4:39:33 PM

Via MinnPost

"Minnesota Gov. Tim Walz has grand plans for the state’s technology sector while in office.

At a “Session Priorities” dinner hosted by the Minnesota Chamber of Commerce in January, the DFLer told the crowd that when people think about cities with thriving tech scenes, he hopes they won’t envision “just Palo Alto, Seattle or Austin. It needs to be Minneapolis.”

To help the state meet that lofty goal, Walz specifically mentioned one item on his agenda that could nudge Minnesota in the direction of Silicon Valley: reviving an “angel” tax credit for those who invest in early-stage businesses."

Check out the full article here