summary
Introduced
02/17/2025
02/17/2025
In Committee
02/17/2025
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)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF1521&ssn=0&y=2025 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=SF1521&version=0&session=ls94&session_year=2025&session_number=0&format=pdf |
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