News

Minnesota Weighs Angel Tax Credits for ‘Green’ Startup Incentive

A tax credit to investors who fund start-up companies in Minnesota, an idea that has long languished in the State Capitol, may actually see the light of day in 2009.

With the national economy in recession and Minnesota hemorrhaging thousands of jobs a month, state officials are weighing proposals to stimulate the job market by providing millions of dollars in tax breaks to venture capitalists willing to risk money on breakthrough technologies.

"We will pass something," said Tim Mahoney, DFL-St. Paul, chairman of the House Committee on Biosciences and Emerging Technology. "If you have a good idea, there will be a venture capitalist who will support it."

By THOMAS LEE, Star Tribune

Full Story: http://www.startribune.com/politics/35842414.html?page=1&c=y

Sorry, we couldn't find any posts. Please try a different search.

Leave a Comment

You must be logged in to post a comment.