SF 2544

as introduced - 91st Legislature (2019 - 2020) Posted on 03/18/2019 02:01pm

A bill for an act
relating to economic development; appropriating money for small business growth
acceleration.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin APPROPRIATIONS.
new text end

new text begin (a) $875,000 in fiscal year 2020 and $875,000 in fiscal year 2021 are appropriated from
the general fund to the commissioner of employment and economic development for a grant
to Enterprise Minnesota, Inc. for the small business growth acceleration program under
Minnesota Statutes, section 116O.115. This is a onetime appropriation.
new text end

new text begin (b) $300,000 in fiscal year 2020 and $300,000 in fiscal year 2021 are appropriated from
the general fund to the commissioner of employment and economic development to provide
business performance assessments to Minnesota manufacturers with 50 or fewer employees,
with focus on very small and rural locations. The assessment findings must position
Minnesota manufacturers to retain and recruit employees and grow in their community.
new text end