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MN SF582

MN SF582
Greater Minnesota business development public infrastructure grant program appropriation


summary

Introduced
01/23/2025
In Committee
01/23/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to economic development; appropriating money for the greater Minnesota business development public infrastructure grant program.

AI Summary

This bill appropriates a total of $5 million ($2.5 million in each of fiscal years 2026 and 2027) from the state's general fund to the Commissioner of Employment and Economic Development. The money is specifically designated for the Greater Minnesota Business Development Public Infrastructure Grant Program, which is an existing program outlined in Minnesota Statutes section 116J.431. This program is designed to support infrastructure development in businesses located in Greater Minnesota, which typically refers to areas of the state outside of the Minneapolis-Saint Paul metropolitan area. By providing these funds, the bill aims to support economic development and infrastructure improvements in rural and smaller communities across Minnesota, potentially helping businesses expand, improve their facilities, or develop critical infrastructure that can drive local economic growth.

Committee Categories

Labor and Employment

Sponsors (4)

Last Action

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

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