Bill > SF3357

This bill appropriates a total of $5 million in state general fund money for economic development and job retention grants to the cities of St. Paul and West St. Paul, specifically targeting small businesses with 10 or fewer full-time employees. For St. Paul, $3 million is allocated with the city working in consultation with the West Side Community Organization, while West St. Paul will receive $2 million and will collaborate with the Residents of Color Collective. The grant funds can be used for various supportive activities including providing technical assistance, establishing revolving loan funds, issuing loans (which can be no-interest or forgivable), and providing direct grants to help small businesses cover operating expenses. Both appropriations are available until June 30, 2027, giving the cities flexibility in how and when they distribute the funds to support local small business economic recovery and job retention efforts.

Labor and Employment

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF3357&ssn=0&y=2025