Bill > HF2920

This bill appropriates $5 million in fiscal year 2026 from the general fund to the commissioner of employment and economic development, specifically for a grant to MNSBIR, Inc. (Minnesota Small Business Innovation Research), to support small businesses in securing federal research and development funding. The grant aims to help startups and small businesses, with a particular focus on businesses owned by Black, Indigenous, People of Color, and women, to advance technological innovation and economic development. MNSBIR, Inc. will use the grant money to provide comprehensive support services, including helping businesses secure federal research funding (such as through SBIR and STTR programs), facilitating technology transfer from institutions like the University of Minnesota and Mayo Clinic, conducting statewide outreach and training, offering assistance with grant writing and management, and supporting cost accounting and procurement opportunities. The funding is one-time and available until June 30, 2027, with the broader goal of strengthening Minnesota's innovation economy and creating novel products, services, and solutions while developing the state's workforce.

Labor and Employment

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF2920&ssn=0&y=2025