If Minnesota keeps this up, expanding the $60 million angel investment tax credit won’t just be a nice idea, it will be a political necessity.
According to the state Department of Employment and Economic Development (DEED), Minnesota has awarded $1.5 million in credits to angels, up from $573,000 in late August — a nearly three-fold increase in less than two months.
More importantly, 11 companies have raised $6 million since July 17 when the law went into effect, according to LifeScience Alley.
To read the full, original article click on this link: Minnesota angel investment tax credit bearing fruit « MedCity News
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