Bill > SF1798

This bill appropriates $2,250,000 from the state's general fund to the Minnesota Department of Employment and Economic Development in fiscal year 2026, specifically designated as a grant to the Neighborhood Development Center (NDC), a nonprofit organization focused on small business support. The funding is intended to support a variety of small business programs, including training, lending, business services, and real estate initiatives. The grant has a broad scope, allowing NDC to provide technical assistance and grants to organizations outside the seven-county metropolitan area, offer 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, ensuring flexibility in program implementation and financial management.

Labor and Employment

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF1798&ssn=0&y=2025