Minnesota’s angel tax credit has helped loosen investors’ checkbooks to the tune of $30 million so far, including more than $10 million for medical-related startups.
The Minnesota Department of Employment and Economic Development has posted an updated list of credits issued under the state’s angel investor tax credit. Dated Jan. 20, it’s the first update since Nov. 8.
The numbers show a busy couple of months for the program’s administrators, with the number of deals benefiting from the credit climbing from 19 through early November to 66 as of late last week. Just over a third of those deals involved medical companies, adding up to $10,013,546.
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