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Bill > HF5385


MN HF5385

PROMISE grant and loan appropriations modified.


summary

Introduced
04/15/2024
In Committee
04/15/2024
Crossed Over
Passed
Dead
05/20/2024

Introduced Session

93rd Legislature 2023-2024

Bill Summary

A bill for an act relating to economic development; modifying appropriations for PROMISE grants and loans.

AI Summary

This bill modifies the appropriations for the PROMISE grant and loan programs in Minnesota. It retroactively includes three additional designated areas in South Minneapolis - the Hennepin Avenue Commercial corridor, the South Hennepin Community corridor, and the Uptown Special Service District - as eligible for PROMISE grants and loans. The PROMISE program provides economic development funding and assistance to certain designated areas in the state.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Introduction and first reading, referred to Economic Development Finance and Policy (on 04/15/2024)

bill text


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