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Minnesota tax credit to benefit early-stage companies

This article was originally published in The Gray Sheet

Executive Summary

Minnesota companies and investors will be able to apply for a new 25% angel investor tax credit by late summer. Gov. Tim Pawlenty signed the credit into law on April 1, implementing a policy that industry trade group LifeScience Alley said is designed to improve access to early-stage funding. Minnesota and out-of-state investors are eligible. Qualifying companies must have received less than $2 million in private equity, have fewer than 25 employees and be less than 10 years old
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