Minnesota’s New Angel Tax Credit
The State of Minnesota has long been criticized by those in the business development field for its inability to complete with surrounding states with economic incentives for businesses to locate or expand there, as well as incentives and financial incentives to launch new ventures. Now comes the new “Angel Tax Credit.” You can read my latest article about the tax credit here .
The preliminary consensus is that, while better than nothing, Minnesota needs more than just the tax credit (which is limited and subject to numerous qualfiications and restrictions) in order to cultivate a more hospitable environment to new business ventures. What is necessary to produce this new environment has become the topic of considerable discussion, and that, more than anything, might in time be the tax credit’s biggest benefit.