Bill > HF2518

This bill appropriates $8,000,000 from the general fund to the Minnesota commissioner of employment and economic development for WomenVenture, a nonprofit organization, to support two primary initiatives: first, helping child care providers through business training and shared services programs to create sustainable businesses in underserved areas, and second, supporting women food entrepreneurs across Minnesota's food supply chain by offering technical assistance, business plan development, and expansion strategies. The funding can be used for various purposes including leasehold improvements, inventory purchases, equipment, working capital, and debt refinancing, with the money distributed as loans, forgivable loans, or grants. Up to 5% of the funds can be used for WomenVenture's administrative costs. The appropriation is a one-time allocation available until June 30, 2028, and WomenVenture is required to submit a detailed report by December 15, 2028, to legislative committees, providing comprehensive information about how the funds were used, including the number of entrepreneurs assisted, funding breakdown by county, and specifics about loans and grants issued.

Labor and Employment

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF2518&ssn=0&y=2025