Last Updated July 16, 2021
Program Overview
Category:
Financial Incentive
State:
Michigan
Incentive Type:
Industry Recruitment/Support
Administrator:
Minnesota Department of Employment and Economic Development
Start Date:
N/A
Expiration Date:
N/A
Applicable Sectors:
N/A
Eligible Renewable/Other Technologies:
N/A
Summary
The Minnesota Small Business Investment Credit (commonly referred to as the angel investment credit) provides qualified investors in certified small businesses with a refundable income tax credit equal to 25 percent of their investments up to a maximum of $125,000 ($250,000 for married joint filers). The maximum credits for investments in a business cannot exceed $1 million. For more information on the programs guidelines or to see the fact sheet.