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Land at the former Willmar Municipal Airport, now designated for the city's industrial park, could become more attractive to new and emerging high-tech businesses if the Kandiyohi County and City of Willmar Economic Development can put together a group of "angel" investors. Minnesota legislators last month passed a jobs bill that allows tax credits for these investors to help finance business start-ups in the technology sector. Tribune photo by Anne Polta

EDC sees development opportunities with new angel investor tax credit

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WILLMAR -- Not long ago, the chance to bring in a new business slipped through the fingers of the Kandiyohi County and City of Willmar Economic Development Commission.

The reason? The county didn't have any "angel" investors -- private individuals with the wherewithal to bankroll a promising start-up business that doesn't qualify for more conventional financing.

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Anne Polta

Anne Polta covers health care, business/economic development and general assignment. Her HealthBeat blog can be found at http://healthbeat.areavoices.com. Follow her on Twitter at @AnnePolta.

(320) 235-1150
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