Articles written by commissioner steve grove

Commissioner Steve Grove, Economic Development|Dec 23, 2019

I’m pleased to share that in only five months, DEED distributed all $10 million from the Angel Tax Credit (ATC) fund! The ATC is a way to spur investment in Minnesota’s future businesses. The program provides a 25% tax credit to investors or investment funds that make equity investments in startup companies focused on high technology, new proprietary technology, or a new proprietary product, process or service in specified fields. It also stimulates private investments in emerging Minnesota businesses to promote innovation and encourage high-pa...