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State Senator Carla J. Nelson

District 26
117 State Office Bldg.
100 Rev. Dr. Martin Luther King Jr. Blvd.
St. Paul, MN 55155-1206
Telephone (651) 296-4848
sen.carla.nelson@senate.mn
Minnesota Senate

Republican Caucus
155 State Office Bldg.
100 Rev. Dr. Martin Luther King Jr. Blvd.
St. Paul, MN 55155-1206
Telephone (651) 296-4901
Fax (651) 296-4239
mnsrc@senate.mn
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Date:March 19, 2012
Contact Name:Susan Closmore
Contact Phone:651-296-5712
Contact Email:susan.closmore@senate.mn
For Immediate Release
Nelson Jobs Bill For Greater Minnesota Passes Jobs Committee

St. Paul- The Senate Jobs and Economic Growth Committee passed a bill (SF 2355) Friday aimed at spurring job growth in communities outside of the metro area. Senator Carla Nelson (R-Rochester) chief authored the bill which would make qualified investors eligible for a tax credit equal to 40 percent of their investment in qualified, high tech start-up companies in greater Minnesota. Senator Nelson gave the following statement on the bill’s progress.

“I’m thrilled to have the Jobs Committee approve my bill to encourage job creators to establish and expand their high tech businesses in greater Minnesota. I know firsthand from the great businesses we have in Olmsted County that the greater Minnesota community is ripe with innovative, entrepreneurial ideas. We can bolster those job creators’ efforts by making it easier for them to secure capital from investors,” said Senator Nelson. “Jobs are our number one priority this legislative session – this bill is a step in the right direction and contributes to the economic prosperity of our statewide community.”

Senate File 2355 is now headed for the Senate Taxes Committee. Its companion bill in the House (HF 2332) is authored by Representative Rich Murray (R-Albert Lea) and is awaiting committee action.

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