Applications ready for angel tax credits

People investing in new companies specializing in new technologies may apply for tax credits from the Minnesota Department of Employment and Economic Development.

Known as an angel tax credit, it is designed to help fund start-up companies.

"Minnesota has a strong history of developing high-tech companies," DEED Commissioner Dan McElroy said. "This program will make the state even more competitive in high technology by encouraging private investment dollars that are the lifeblood of promising young businesses."

Information is available at www.PositivelyMinnesota.com.
 

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