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Bill > SF3325


MN SF3325

MN SF3325
HealthcareMN grant appropriation


summary

Introduced
04/07/2025
In Committee
04/07/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to economic development; appropriating money for a grant to HealthcareMN.

AI Summary

This bill appropriates a total of $400,000 ($200,000 in each of fiscal years 2026 and 2027) from the state's general fund to the commissioner of employment and economic development, specifically designated as a grant to HealthcareMN. The grant is intended to support healthcare innovation, entrepreneurship, economic growth, and community impact through three primary activities: (1) hosting a healthcare venture summit to connect entrepreneurs, investors, and industry leaders, (2) expanding regional outreach to position the Twin Cities metropolitan area as a healthcare innovation hub, and (3) establishing mentorship programs that link healthcare innovators with corporate leaders and successful entrepreneurs. These appropriations are considered "onetime" funding, meaning they are not expected to be recurring annual allocations. The bill aims to boost the healthcare innovation ecosystem in Minnesota by providing targeted financial support to HealthcareMN, an organization focused on advancing healthcare entrepreneurship and collaboration.

Committee Categories

Labor and Employment

Sponsors (5)

Last Action

Authors added Port; Housley (on 04/09/2025)

bill text


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