Minnesota tax credit to benefit early-stage companies
This article was originally published in The Gray Sheet
Executive Summary
Minnesota companies and investors will be able to apply for a new 25% angel investor tax credit by late summer. Gov. Tim Pawlenty signed the credit into law on April 1, implementing a policy that industry trade group LifeScience Alley said is designed to improve access to early-stage funding. Minnesota and out-of-state investors are eligible. Qualifying companies must have received less than $2 million in private equity, have fewer than 25 employees and be less than 10 years old