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New Minn. loan fund geared toward start-up firms

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ST. PAUL, Minn. (AP) — Minnesota has a new loan fund for start-up businesses that offers them up to $250,000 in interest-free help.

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Gov. Mark Dayton and his top economic development official described the Angel Loan Fund on Thursday. It is a supplement to a tax credit that is meant to incentivize private investment in companies just getting off the ground.

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