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Angel tax credit helps new Minn. businesses

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The Minnesota Angel Tax Credit Program has attracted more than $126 million in private investments for small and emerging companies in the state since the program was launched two years ago in July 2010.

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In 2012 alone, over 100 businesses have received funding from over 314 investors and 15 angel funds, according to the Minnesota Department of Employment and Economic Development.

Businesses attracting the most funding are software, medical device and biotechnology firms.

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