DEED’s Angel Tax Credit Program has $15.5 million in tax credits allocated for 2016 with $7.5 million reserved until September 30, 2016 for Greater Minnesota businesses, minority and women-owned businesses. DEED reports $7 million remains available of the restricted amount with $4.3 million available for any business (last updated on March 21st).
The Minnesota Department of Employment and Economic Development’s (DEED) Angel Tax Credit Program has been around since 2010. During that time, the program has attracted over $310 million in investments utilized by hundreds of Minnesota companies. Startup businesses in all areas of the state could qualify as a certified business.
Learn more about the 2016 program HERE!
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