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Minnesota's tax credit for angel investors works, should become routine

Minnesota s tax credit for angel investors works, should become routine
February 14, 2021 11:11am
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It should go back to $10 million with a legislative commitment to fund it for five years.
Even at that level, it s a pittance in a two-year budget that will top $50 billion.
The Angel Tax Credit gives investors in young, private firms a tax break of 25% on investments of up to $125,000 per person or $250,000 for a married couple.
The credits should be financed not by the general fund but a tax linked to capital gains pocketed by institutional investors, traders and investment bankers.
And the Legislature should make a modest, long-term commitment to the credit. It has faced periodic uncertainty, which has discouraged promising companies and investors. The credit was omitted from the state budget in 2018 and 2020. ....

United States , University Of Minnesota , Cathy Connett , Tim Walz , Michelle Tran Maryns , Tran Maryns , Sofia Fund , University Of Minnesota Venture Center , Minnesota Department Of Employment , Economic Development , Minnesota Angel Tax Credit , Angel Tax Credit , Minnesota Cup , Minnesota Department , Medical Alley , Gopher Angels , Minnesota Venture , Small Business Capital Formation , Steve Grove , Star Tribune , ஒன்றுபட்டது மாநிலங்களில் , பல்கலைக்கழகம் ஆஃப் மினசோட்டா , கேத்தி இணைப்பு , நேரம் வால்ஸ் , சோபியா நிதி , பல்கலைக்கழகம் ஆஃப் மினசோட்டா துணிகர மையம் ,

Female-led Abilitech Medical raises $7.4 million

Female-led Abilitech Medical raises $7.4 million
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Neal St. Anthony
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Founder Angie Conley, (middle row, left) and members of her Abilitech Medical team, as well as Minnesota Cup officials and judges, won the grand prize of $50,000 among nine finalists honored at the MN Cup awards in October at the University of Minnesota.
Abilitech Medical, which won the grand prize of this year’s Minnesota Cup entrepreneur competition, has closed on a $7.4 million round of investor capital; topping the $3.2 million in equity and debt it received in separate placements since January 2017.
Chief Executive Angie Conley said the money will be used to obtain U.S. Food and Drug Administration clearance next year of its flagship product, support a clinical study of muscular dystrophy patients at the University of Minnesota and Gillette Children’s Hospital and t ....

United States , University Of Minnesota , Angie Conley , Cathy Connett , Minnesota High Tech Association , Sofia Fund , Drug Administration , Lifescience Health , Minnesota Cup , Executive Angie Conley , Gillette Children , Twin Cities Based Sofia Fund , Bios Partners , ஒன்றுபட்டது மாநிலங்களில் , பல்கலைக்கழகம் ஆஃப் மினசோட்டா , ஆங்கி காந்லீ , கேத்தி இணைப்பு , மினசோட்டா உயர் தொழில்நுட்பம் சங்கம் , சோபியா நிதி , ஆயுள் அறிவியல் ஆரோக்கியம் , மினசோட்டா கோப்பை , நிர்வாகி ஆங்கி காந்லீ , ஜில்லெட் குழந்தைகள் , இரட்டை நகரங்கள் அடிப்படையிலானது சோபியா நிதி , பயாஸ் கூட்டாளர்கள் ,