As states jockey to attract and keep business, the cookie cutter public policy as lobbied for by the National Association of Seed and Venture Funds (NASVF) has come to Minnesota. More than 29 states adopted their version of the Angel Investor Tax Credit legislation, with some establishing their policy as early as 2004.
Minnesota’s massive state deficit and staggering unemployment has pressed legislators to “spur” job growth in any way; hence, the passing of a bipartisan Minnesota Jobs Creation Bill.
This bill includes angel investor tax credits (redistributed revenue by government to targeted industries.) In today’s economy, it is extremely difficult for all businesses to find the capital necessary to start and expand.
To read the full, original article click on this link: Viewpoint: Angel investor tax credit legislation offers tiny Band-Aid for business climate wounded by government intervention | Woodbury Bulletin | Woodbury, Minnesota
Author: Marisa Novak
