Bill > HF1506

This bill appropriates $1,000,000 from the state's general fund to the Minnesota Commissioner of Employment and Economic Development in fiscal year 2026, specifically designating the funds as a grant to the Entrepreneur Fund. The purpose of the grant is to support the Entrepreneur Fund's revolving loan funds, which aim to provide financing assistance to for-profit businesses in northeast Minnesota, including helping with business startups, business expansions, and business ownership transitions. The bill specifies that this is a one-time appropriation, meaning the funding is not intended to be a recurring annual allocation. By providing this targeted financial support, the bill seeks to address unmet financing needs for entrepreneurs and small businesses in the northeast region of Minnesota.

Labor and Employment

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF1506&ssn=0&y=2025