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MN HF3028

MN HF3028
Economic development finance bill.


summary

Introduced
03/20/2023
In Committee
04/12/2023
Crossed Over
Passed
Dead
05/20/2024

Introduced Session

93rd Legislature 2023-2024

Bill Summary

A bill for an act relating to state government; establishing a biennial budget for the Department of Employment and Economic Development and Explore Minnesota; appropriating money for Capitol area improvements; modifying various policy provisions; requiring reports; appropriating money; amending Minnesota Statutes 2022, sections 116J.871, subdivisions 1, 2; 116J.8748, subdivisions 3, 4, 6, by adding a subdivision; 116J.9924, subdivision 4; proposing coding for new law in Minnesota Statutes, chapter 116J; repealing Minnesota Statutes 2022, section 116J.9924, subdivision 6; Laws 2019, First Special Session chapter 7, article 2, section 8, as amended.

AI Summary

This bill: - Establishes the Office of Child Care Community Partnerships within the Department of Employment and Economic Development to support increasing the quantity and accessibility of quality child care in Minnesota. - Creates a small business navigator program to provide information, direction, and targeted outreach to small businesses and entrepreneurs, especially historically underserved populations and communities. - Establishes a small business partnership program to provide grants to local and regional community-based nonprofits to support the start-up, growth, and success of eligible businesses through business development and technical assistance services. - Expands and modifies several existing economic development programs, including the Minnesota Job Creation Fund, Launch Minnesota, and the Targeted Community Capital Project Grant Program. - Creates the Community Wealth-Building Grant Program and the Emerging Developer Fund Program to provide financing and assistance to community businesses and emerging developers. - Establishes the Empowering Enterprise Program to make grants to eligible organizations for local economic relief programs in areas adversely affected by civil unrest. - Creates a Capitol Area Community Vitality Task Force and a Capitol Area Community Vitality Account to improve the livability, economic health, and safety of communities within the Capitol Area in St. Paul. - Appropriates significant funding across these various economic development initiatives.

Committee Categories

Budget and Finance, Government Affairs

Sponsors (2)

Last Action

Hearing (09:00:00 4/18/2023 ) (on 04/18/2023)

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