Bill
Bill > HF2556
summary
Introduced
03/06/2023
03/06/2023
In Committee
03/06/2023
03/06/2023
Crossed Over
Passed
Dead
05/20/2024
05/20/2024
Introduced Session
93rd Legislature 2023-2024
Bill Summary
A bill for an act relating to economic development; appropriating money for grants to initiative foundations.
AI Summary
This bill appropriates $18 million in fiscal year 2024 from the general fund to the Commissioner of Employment and Economic Development for grants to six initiative foundations in Minnesota. The grants will be used to capitalize the foundations' revolving loan funds, which provide financing for for-profit business startups, expansions, and ownership transitions, as well as nonprofit organizations and developers of housing to support the construction, rehabilitation, and conversion of housing units. The six initiative foundations receiving grants are the Southwest Initiative Foundation, West Central Initiative Foundation, Southern Minnesota Initiative Foundation, Northwest Minnesota Foundation, Initiative Foundation, and Northland Foundation. This is a one-time appropriation.
Committee Categories
Budget and Finance
Sponsors (6)
Dan Wolgamott (D)*,
Jeff Brand (D),
Luke Frederick (D),
Dave Lislegard (D),
Liz Olson (D),
Bernie Perryman (R),
Last Action
Author added Perryman (on 03/23/2023)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF2556&ssn=0&y=2023 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=HF2556&version=0&session=ls93&session_year=2023&session_number=0&format=pdf |
Loading...