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MN HF335

MN HF335
Greater Minnesota business development public infrastructure grant program funding provided, and money appropriated.


summary

Introduced
02/13/2025
In Committee
02/13/2025
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 in state funding specifically for the Greater Minnesota Business Development Public Infrastructure Grant Program over two fiscal years. The funding will be allocated $2.5 million in fiscal year 2026 and another $2.5 million in fiscal year 2027, with the money coming from the state's general fund. These funds will be administered by the commissioner of employment and economic development and are designated for the existing grant program outlined in Minnesota Statutes, section 116J.431. The purpose of this program is likely to support infrastructure development and economic growth in regions of Minnesota outside the metropolitan area, helping to enhance business opportunities and local economic development in smaller communities across the state.

Committee Categories

Labor and Employment

Sponsors (3)

Last Action

Author added Kozlowski (on 02/20/2025)

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