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MN SF1521

MN SF1521
Small business assistance partnerships program appropriation


summary

Introduced
02/17/2025
In Committee
02/17/2025
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 small business assistance partnerships program.

AI Summary

This bill appropriates a total of $12,850,000 ($6,425,000 in each of fiscal years 2026 and 2027) from the state's general fund to the Minnesota commissioner of employment and economic development specifically for the Small Business Assistance Partnerships Program, which is established under Minnesota Statutes, section 116J.682. The bill stipulates that all grant awards through this program will be for two consecutive years, with grants being awarded in the first year. Additionally, the department is permitted to use up to 5% of the total appropriation for administrative purposes, and these funds are designated as one-time appropriations. The purpose of this bill appears to be providing financial support to help small businesses through partnership-based assistance programs, though the specific details of the program's implementation are not detailed in this appropriation legislation.

Committee Categories

Labor and Employment

Sponsors (4)

Last Action

Hearing (12:30:00 2/24/2025 ) (on 02/24/2025)

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