As expected, the Minnesota Department of Employment and Economic Development posted online Monday details and documents related to the state's new angel investor tax credit.
The 25 percent income tax credit is designed to spur investments in technology-based Minnesota startup companies. The program is funded with $11 million this year, and $12 million per year between 2011 and 2014.
The credit will be awarded on a first-come-first-served basis. Before investors can apply, they and the companies they are investing in must apply for certification to verify that they qualify for the program.
View details and applications for the angel tax credit here.