Bill > HF3091

This bill appropriates state funding to support small business economic development in St. Paul and West St. Paul. Specifically, the bill allocates $3 million to St. Paul and $2 million to West St. Paul in fiscal year 2026, with funds to be distributed by the commissioner of employment and economic development. Each city will work in consultation with a local community organization (the West Side Community Organization for St. Paul and the Residents of Color Collective for West St. Paul) to provide economic development and job retention support for businesses with ten or fewer full-time employees. The grant money can be used for various purposes, including technical assistance, establishing revolving loan funds, issuing loans (including no-interest and forgivable loans), and providing grants to small businesses for operating expenses. The appropriations will be available until June 30, 2027, giving the cities flexibility in implementing their economic development strategies.

Labor and Employment

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF3091&ssn=0&y=2025