Bill > HF1965

This bill provides funding for the Small Business Assistance Partnerships Program, appropriating $6,425,000 in both fiscal years 2026 and 2027 from the state's general fund to the commissioner of employment and economic development. The funding is specifically designated for the program outlined in Minnesota Statutes, section 116J.682, with a requirement that all grant awards be structured for two consecutive years and awarded in the first year. The department is permitted to use up to 5% of the total appropriation for administrative purposes, and these are considered one-time appropriations. This legislation aims to support small businesses by providing financial resources through a targeted partnership program, with a clear funding mechanism and guidelines for grant distribution.

Labor and Employment

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF1965&ssn=0&y=2025