Bill > SF1934

This bill appropriates $2,000,000 from the state's general fund to the Minnesota Department of Employment and Economic Development for African Economic Development Solutions in fiscal year 2026. The funding is split into two equal $1,000,000 allocations: the first will establish a loan fund designed to support business ventures by African immigrant entrepreneurs, addressing economic inequities in the community, and the second will provide business technical assistance to those same entrepreneurs. The appropriation is designated as a one-time funding that will be available until June 30, 2028, indicating a specific, time-limited investment in supporting economic development and entrepreneurship within the African immigrant community in Minnesota.

Labor and Employment

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF1934&ssn=0&y=2025