Sign Minnesota Banking Work Order Free

Industry sign banking minnesota work order free

hi I'm Rick brimacombe and on behalf of the network connect and our network of angel investors and small businesses we wish to lend our support to the extension of the Minnesota angel tax credit program Minnesota is a good place to do business we have a diversified economy a disproportionate number of Fortune 500 companies training our next generation of entrepreneurs a significant amount of research taking place in our university system and a highly educated workforce with that said Minnesota lacks capital for emerging companies back in the late 80s when I started working with early-stage companies there were over 20 venture capital firms investing in this category and an entire tier of investment banking firm serving this market as well today those venture firms have moved for the most part upstream or moved away likewise the investment banking firm serving emerging companies have consolidated and moved up market as well thus there currently exists a void in the local market for early-stage capital at the network connect we regularly refer investors and businesses to the Minnesota angel tax credit program why because it's a critical part of our local funding ecosystem as such we want to provide you with this short video of businesses and investors that are highly supportive of extending the Minnesota angel tax credit program 10 years and increasing the amount of money available in the program the investors and businesses in this video are available to testify if you wish for more information please feel free to contact me or dick Sommers debt my name is joy Lindsay and I am president and co-founder of star tech investments LLC whilst our tech has historically been my investment vehicle more recently I've been investing as an individual angel investor to take advantage of the tax credit as an angel investor I've invested directly in 26 minnesota-based companies and an additional 35 to 40 companies as a result of my involvement with other angel and venture capital funds in the last five years I've invested in five companies using the angel tax credit averaging over a hundred thousand dollars in investment per company one of the five companies has since gone out of business but another company vid coo has employed 25 additional people since raising money using the tax credit and has plans to hire 10 more people i believe the angel tax credit is critical for encouraging more people to make investments in the high-risk area of angel investing providing the essential capital for early-stage companies to grow i encourage you to support the extension and expansion of this program which is so important to new business formation my name is jeff robins and i'm an attorney at the minneapolis law firm of miss Elaine Kramer I've spent over 30 years working with entrepreneurs who start and grow technology enterprises and investors who target those companies for five years I've run angel pollination a quarterly investor networking group I also serve as a board member of gopher angels a local angel investment group as a result I see a lot of the activity in Minnesota for early-stage companies and their investors there's no doubt in my mind that our angel tax credit has contributed to key investment in growth companies that create jobs here in Minnesota companies I have represented have received millions of dollars of investment from investors through the tax credit program I have seen these companies actively hiring new personnel as a result of these investments although I cannot predict whether any particular company would achieve its desired investment goal without the tax credit incentive I can say that the credit availability was the very reason that my wife and I recently made an early stage investment I believe it is important to get as much investment for local companies from local investors as possible in my experience investors outside the Minnesota pressure local companies to move their business operations out of state we want to keep the technology growth jobs here the angel tax credit helps make minnesota-based investing competitive we need consistency in the angel tax credit program the current proposal to extend the tax credit for ten years will send a strong message that Minnesota is serious about technology growth and job creation please help Minnesota's entrepreneurs be successful and support the tax credit extension initiative I'm Kathy canet CEO of the Sophia fund the Sophia fund has clearly seen the value the Minnesota angel tax credit ads in attracting investors we're a 5.5 million dollar fund that focuses on investing in exceptional women LED technology growth companies we completed the solicitation of accredited investors in 2015 close the fund and made our first investment in kitten kitten is a women led growth company based in Minnesota for which our investors received a 2015 angel tax credit while raising the fund we found that investors were attracted to the tax credit opportunities arising from our investments some of the investors in this fund who had been in our previous fund new of the tax credits we earned on one deal in that fund the potential for tax credits enhanced our ability to bring in new investors and new monies to support the development of Minnesota women LED technology companies in fact about ten percent of the investors in the fund are from outside of Minnesota these non Minnesota investors were attracted to both our Midwest focus and the ability to obtain a tax credit additionally as we have leveraged our national network of angels and angel groups to syndicate kittens next round of investment we have found the tax credit is a feature of the investment that adds to the attractiveness of the deal we the investors in the Sophia fund encourage the legislature to extend the Minnesota angel tax credit program for at least ten years and to maintain the that helps support women led companies my name is Tyler Ebert and I'm the co-founder and CEO of Audrina card we are a medical device company that brings peace of mind of life for patients who carry emergency medications banda at the university of minnesota we're based right here in minneapolis we have two full-time employees in contract with nearly a dozen other Minnesota companies and professionals in 2015 we raise capital through the Minnesota angel tax credit which we are using for development and testing we intend to raise even more in 2016 the tax credit provided the incremental incentive we needed to close with investors and help ensure that our capital and our venture state in Minnesota our success might not have happened without the Minnesota angel tax credit investor who's valued that we had gone through some diligence with the state and some even required investments they look at be certified continue to use this program is key to our future financing and growth strategy we want our company our investors and the video that we create to be created right here in Minnesota the Minnesota angel tax credit goes a long way to making that happen my name is Scott schwabe I'm the co-founder and CEO of nimble link nimble Inc is a minnesota-based Internet of Things technology company we provide cellular based products to a wide range of customers in industrial agriculture environmental construction and energy management sectors we started the company in 2013 headquartered in Plymouth Minnesota we have grown from to unpaid founders to 15 full-time employees we have four part-time people including interns brought in through the Minnesota high-tech Association stem program all of our Manufacturing's all sorts the BTW a minnesota-based contract manufacturer up to this point all of our professional services have come from minnesota firms such as attorneys CPAs website and SEO we have utilized the minnesota angel tax credit program each year since inception in total we have raised over 1.7 million with 1.3 million tied to the tax credit program the tax credit proved to be an important money raising tool investors taking a large risk with investing in startups and i believe the credit offsets this risk if not for the angel tax credit our front fundraising would have been more difficult without the program it might not have happened in fact we have a couple of investors who have invested over multiple years utilizing the program we expect to add more jobs in the coming years we look forward to paying this tax credit back to the citizens of Minnesota by creating more jobs and paying our share of taxes I'm mark Foreman CFO of shear win sure wind is developer and licensure of the multi patented in blocks wind energy technology in flux transforms wind into a viable energy source providing clean affordable electrical energy to anyone anywhere and significantly outperforms traditional wind energy systems we are in chaska Minnesota with ten team members and our rapidly expanding our business globally the Minnesota angel tax credit has been crucial to funding our growth sherwin has been a Minnesota angel tax credit company since 2011 hour 37 investors have invested 3.1 million in equity capital 2.1 million was from 26 investors participating in the minnesota angel tax credit program of these 26 1.1 million was from 10 non-residents these funds help develop influx secure multiple patents and commercialize the technology worldwide sherwin has been generating revenue since 2013 we expect rapid growth to meet our expanding global demand the angel tax credit program was significant to the success she rent is putting Minnesota on the map for the wind industry worldwide our global growth will grow the state's tax base I urge you to continue this vital program you