HF 2015

as introduced - 93rd Legislature (2023 - 2024) Posted on 03/24/2023 04:01am

A bill for an act
relating to economic development; appropriating money for a grant to the Latino
Economic Development Center.

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

Section 1. new text begin APPROPRIATIONS.
new text end

new text begin (a) $2,000,000 in fiscal year 2024 is appropriated from the general fund to the
commissioner of employment and economic development for a grant to the Latino Economic
Development Center (LEDC). Grant proceeds may be used to assist, support, finance, and
launch micro-entrepreneurs by delivering training, workshops, and one-on-one consultations
to businesses.
new text end

new text begin (b) $2,000,000 in fiscal year 2024 is appropriated from the general fund to the
commissioner of employment and economic development for a grant to the Latino Economic
Development Center to guide prospective entrepreneurs in their start-up process by
introducing them to key business concepts, including business start-up readiness. Grant
proceeds must be used to offer workshops on a variety of topics throughout the year,
including finance, customer service, food-handler training, and food-safety certification.
Grant proceeds may also be used to provide lending to business startups.
new text end