Small Business Bulletin - June 2019

Small Business Bulletin

June 2019

In the News

Angel Tax Credit Returns

New state program aims to support tech innovation in Minnesota

MPR - 6/6/19

A new state program aims to help technology companies get started in Minnesota. Launch Minnesota will provide information and grants to people who are starting companies in sectors including aerospace, agricultural processing, nanotechnology and medical devices. 

Minnesota’s Angel Tax Credit Is Back. Here’s What You Need to Know

MinnInno - 6/13/19

Minnesota Gov. Tim Walz and other state lawmakers have reinstated a program that gives tax breaks to investors backing Minnesota startups. The angel tax credit provides incentives to investors backing small businesses in Minnesota. 

Minnesota Angel Tax Credit Guidebook

There is a comprehensive guidebook for the Angel Tax Credit available now on the Small Business Assistance Office web page of the DEED website. 

Minnesota businesses thrive

In Minnesota, A Marriage Between Business Giants And Growing Startups

FiveThirtyEight.com 6/20/19

Home to 17 Fortune 500 companies, it’s no surprise Minnesota has been referred to as a “headquarters economy.” Target is headquartered here, and so are General Mills and Best Buy. The state’s headquarters economy is diverse, with enterprise companies representing a cross-section of industries.

Recent blog posts

Launch Minnesota: Help Shape Minnesota's Startup Ecosystem

DEED announced the creation of Launch Minnesota, a new program designed to nurture technology startups and entrepreneurs across the state. DEED is looking for an Executive Director to run Launch Minnesota, but this isn’t your typical state government job.


Did You Know?

Minnesota has the third best five-year survival rate for businesses in the United States according to DEED's Monthly Economic Snapshot. Every month DEED economists compile a list of relevant rankings and statistics from across the nation and put them on the Economic Snapshot page of DEED's website. Other strong rankings for Minnesota's economy include, having the second highest labor force participation rate and the first highest high school graduation rate.