Bill > SF1338

This bill appropriates $4 million from the state's general fund in fiscal year 2025 to the Minnesota Commissioner of Employment and Economic Development, specifically to provide a grant to the city of Shakopee for creating an Innovation Hub. The Innovation Hub is intended to serve as a regional workforce training and entrepreneur incubator facility, which means it will provide space and resources to support job skills development and help new businesses get started. The funding will be used to design, construct, furnish, and equip the facility. The appropriation is considered a one-time expenditure and will remain available until the project is either completed or abandoned, in accordance with state financial guidelines. The bill specifies that it will take effect the day after it is officially enacted into law.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF1338&ssn=0&y=2025