Bill
Bill > SF1453
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 small business growth acceleration; requiring a report.
AI Summary
This bill appropriates $2 million total ($1 million in fiscal years 2026 and 2027) from the state's general fund to Enterprise Minnesota, Inc., a nonprofit organization that supports manufacturing businesses. The funding will be used for two primary purposes: first, to directly invest in Minnesota manufacturers through the Made in Minnesota program, and second, to provide services to small manufacturing companies with 250 or fewer full-time employees. These services include talent development, leadership support, employee retention strategies, continuous improvement consulting, quality management systems, revenue growth assistance, and peer-to-peer advisory services. The bill also requires Enterprise Minnesota, Inc. to submit annual reports to legislative committees detailing the financial impact of their programs, including the amount of money awarded, estimated and actual financial impacts on recipient companies, and the total amount of federal funding leveraged from the Manufacturing Extension Partnership. Additionally, the bill instructs the revisor of statutes to update terminology, changing references from "small business growth acceleration program" to "Made in Minnesota program" in relevant state statutes.
Committee Categories
Labor and Employment
Sponsors (1)
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=SF1453&ssn=0&y=2025 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=SF1453&version=0&session=ls94&session_year=2025&session_number=0&format=pdf |
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