Small Business Investment Tax Credit

MI Industry Recruitment/Support commercial industrial

Administered by: Minnesota Department of Employment and Economic Development

Program Details

Program ID
4226
Last Updated
12/12/2024

Eligibility

Eligible Sectors
commercial industrial
Eligible Technologies
yes; specific technologies not identified

Program 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.

Contact & Resources

Please verify current program details with the administering agency before making any financial decisions.

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