Bill > HF3079

This bill extends the availability of a $10,000,000 appropriation from the Minnesota general fund to the city of Minneapolis, originally set to be paid by July 15, 2023. The bill modifies the original appropriation by allowing the funds to be used until June 30, 2027, instead of the previous deadline. The funding is to be allocated as follows: $8,000,000 will be granted to a foundation that provides business advising, branding, marketing support, and real estate consulting to businesses located on Lake Street in Minneapolis (between 30th Avenue South and Nicollet Avenue), with the funds to be used for direct business or corridor support like marketing and placemaking; $2,000,000 will be used for property acquisition at specific addresses (1860 28th Street East and 2717 Longfellow Avenue). The city may use up to 1% of the grant for administrative costs. The bill becomes effective the day after it is finally enacted, providing more flexibility for the city to use the previously appropriated funds over a longer period.

Labor and Employment

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF3079&ssn=0&y=2025