Study: Angel Tax Credit Created $107M In Investments

(St. Paul, MN) -- An independent study by the Economic Development Research Group finds the Angel Tax Credit leveraged over 107-million dollars in private investments and supported over 500 jobs from 2010 to 2012. The credit was launched in July 2010 to encourage the startup of technology-based businesses in Minnesota. The study anticipates another 635 jobs will be created through the tax credit by 2020.