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Bill > SF1453


MN SF1453

MN SF1453
Made in Minnesota Program and Enterprise Minnesota, Inc. 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 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)

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