Bill > HF1246

This bill appropriates $2.25 million from the state's general fund in fiscal year 2026 to the Minnesota Department of Employment and Economic Development, specifically for a grant to the Neighborhood Development Center (NDC). The grant is designed to support small business programs across Minnesota, including providing training, lending, business services, and real estate initiatives. The funding will enable NDC to offer technical assistance and grants to organizations outside the seven-county metropolitan area, provide one-on-one entrepreneurial support, and develop a cybersecurity center. The appropriation is considered a one-time funding allocation, with any unused funds from the first year remaining available for use in the second year, which allows for flexible spending and ensures that the allocated resources are not automatically returned to the general fund if not fully spent in the initial year.

Labor and Employment

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF1246&ssn=0&y=2025