Angel tax credit welcomed by entrepreneurs
Monday, October 07, 2019
2019 marked the return of Minnesota’s angel tax credit, an incentive program for investors to put money into growing Minnesota startups. The program, which offers a 25% tax credit to investors who put money into eligible startup companies, began in 2010 but disappeared for a year after its funding lapsed in 2017.
Resuming the angel tax credit has been welcome news for Minnesota’s startup community, which on Wednesday kicks off a series of seminars, networking and other events for Twin Cities Startup Week. This year’s schedule includes numerous opportunities for founders to meet with investors, said Reed Robinson, executive director of Startup Week sponsor Beta.