AITC

Angel Tax Credit Program Reopens; Medical Alley Applauds Minnesota’s Return to an Early-Stage Growth Agenda

Minneapolis, MN – Medical Alley Association is thrilled to announce that starting July 1, 2019 the Minnesota Department of Employment and Economic Development (DEED) will be accepting applications for the newly-reenacted Angel Tax Credit Program. Medical Alley Association thanks Senator Paul T. Anderson and Representative Carlie Kotyza-Witthuhn for authoring this bill, as well as Governor […]

At The Table: March 26, 2019 – Budget Revisions, AITC Hearing & a Sit Down with Congressman Dean Phillips

Governor Walz Revises Budget Proposal This past Thursday, Governor Walz released a series of revisions to his budget proposal in response to the February economic forecast that showed slowing tax revenue to the state. The Governor’s revised budget proposal combines reduced spending in some areas, higher spending in others, increased tax revenues, and shifting spending […]

At The Table – February 25, 2019

Governor Walz and Lt. Governor Flanagan Announce Budget Proposal Last week, Governor Walz and Lt. Governor Flanagan put forward their first budget proposal for the State of Minnesota. Their budget proposes to spend $49.471 billion over the next two years; for reference, the current budget spends a total of $45.585 billion. It contains numerous changes […]

At The Table – February 18, 2019

Governor Walz Announces Support for Reinstating Angel Tax Credit With release of his first budget just over a week away, Governor Walz publicly announced that he will propose reinstating the Angel Investment Tax Credit. The Governor said he supports this credit because it is important for Minnesota’s competitiveness and for keeping cutting edge businesses growing […]

At The Table – February 11, 2019

A Successful Day in Review: Medical Alley Day at the Capitol 2019 This past Wednesday, February 6, was Medical Alley Day at the Minnesota State Capitol, an event bringing together policymakers and the people that power Medical Alley as the global epicenter of health innovation and care. The day was anchored by several Medical Alley […]

Medical Alley Companies Raise $234 Million in First Half of 2018

Medical Alley companies had a strong start to 2018, buoyed by new investments in biotech. 45 companies raised $234 million in the first half of the year. In addition to positive investment flow, exits continued at a strong pace with multiple acquisitions and one initial public offering (IPO). These exits will recycle capital into the […]

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