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Bill > SF237


MN SF237

Greater Minnesota business development public infrastructure grant program expansion


summary

Introduced
01/16/2025
In Committee
01/16/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to economic development; expanding the greater Minnesota business development public infrastructure grant program; amending Minnesota Statutes 2024, section 116J.431, subdivision 2.

AI Summary

This bill expands the Greater Minnesota Business Development Public Infrastructure Grant Program by adding "commercial development" as a seventh eligible project type alongside existing categories like manufacturing, technology, warehousing, research and development, agricultural processing, and industrial park development. Currently, the grant program allows counties and cities to receive funding for infrastructure projects supporting specific business types in Greater Minnesota. The bill maintains the existing provision that up to 15 percent of a project's development can be for purposes outside the explicitly listed eligible categories, and requires that cities or counties obtain approval from the commissioner by providing notice about proposed projects. By including commercial development, the bill broadens the scope of potential infrastructure projects that can receive grant funding, potentially helping to support more diverse economic development efforts in Greater Minnesota's local communities.

Committee Categories

Labor and Employment

Sponsors (1)

Last Action

Hearing (12:30:00 2/5/2025 ) (on 02/05/2025)

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