Minnesota Angel Tax Credit Program
Purpose
This program provides incentives for making equity investments in startup and emerging companies focused on high technology or new proprietary technology.
Customers and Services
Tax credits are provided to qualified investors. Eligible projects are small businesses engaged in—or committed to engage in—technological innovation in Minnesota.
Measures - Reporting period is calendar year (CY), January 1 - December 31.
|
|
CY 2010*
|
|
Number of businesses receiving investments
|
67
|
|
Number of investors making investments
|
258
|
|
Number of funds making investments
|
4
|
|
Investment generated
|
$28M
|
|
Dollars funded
|
$7.0M
|
*This program was signed into law on April 1, 2010, and launched in July 2010. As a tax credit program, it operates on a calendar year basis. CY 2011 data isn't available until early 2012.
More DEED measures: Uniform Program Accountability Measures
Funding Source and Expenditure (in thousands)
|
|
CY 2010
|
|
Tax Credits
|
$7,000
|
Statutory Authority
-- Minn. Stat., 2010 Session Laws, Ch. 216, Sec. 2, subd. 9
Contact Information
Bob Isaacson, Director
Phone: 651.259.7458 or toll-free: 800.657.3858; TTY: 651.296.3900
This information current as of December 2011.