Engrossments
Introduction		Posted on 02/01/2024
1st Engrossment		Posted on 04/24/2024

ARTICLE 1

APPROPRIATIONS

Section 1.

Laws 2023, chapter 53, article 20, section 2, subdivision 1, is amended to read:

Subdivision 1.

Total Appropriation

382,802,000

310,131,000
306,306,000

Appropriations by Fund
	2024	2025
General	352,525,000	deleted text begin 279,854,000 deleted text end new text begin 276,029,000 new text end
Remediation	700,000	700,000
Workforce Development	30,277,000	30,277,000

The amounts that may be spent for each
purpose are specified in the following
subdivisions.

Sec. 2.

Laws 2023, chapter 53, article 20, section 2, subdivision 2, is amended to read:

Subd. 2.

Business and Community Development

195,061,000

139,929,000
136,104,000

Appropriations by Fund
General	193,011,000	deleted text begin 137,879,000 deleted text end new text begin 134,054,000 new text end
Remediation	700,000	700,000
Workforce Development	1,350,000	1,350,000

(a) $2,287,000 each year is for the greater
Minnesota business development public
infrastructure grant program under Minnesota
Statutes, section 116J.431. This appropriation
is available until June 30, 2027.

(b) $500,000 each year is for grants to small
business development centers under Minnesota
Statutes, section 116J.68. Money made
available under this paragraph may be used to
match funds under the federal Small Business
Development Center (SBDC) program under
United States Code, title 15, section 648, to
provide consulting and technical services or
to build additional SBDC network capacity to
serve entrepreneurs and small businesses.

(c) $2,500,000 deleted text begin eachdeleted text end new text begin the firstnew text end year is for Launch
Minnesota. deleted text begin These aredeleted text end new text begin This is anew text end onetime
deleted text begin appropriationsdeleted text end new text begin appropriationnew text end . Of this amount:

(1) $1,500,000 deleted text begin each yeardeleted text end is for innovation
grants to eligible Minnesota entrepreneurs or
start-up businesses to assist with their
operating needs;

(2) $500,000 deleted text begin each yeardeleted text end is for administration
of Launch Minnesota; and

(3) $500,000 deleted text begin each yeardeleted text end is for grantee activities
at Launch Minnesota.

(d)(1) $500,000 each year is for grants to
MNSBIR, Inc., to support moving scientific
excellence and technological innovation from
the lab to the market for start-ups and small
businesses by securing federal research and
development funding. The purpose of the grant
is to build a strong Minnesota economy and
stimulate the creation of novel products,
services, and solutions in the private sector;
strengthen the role of small business in
meeting federal research and development
needs; increase the commercial application of
federally supported research results; and
develop and increase the Minnesota
workforce, especially by fostering and
encouraging participation by small businesses
owned by women and people who are Black,
Indigenous, or people of color. This is a
onetime appropriation.

(2) MNSBIR, Inc., shall use the grant money
to be the dedicated resource for federal
research and development for small businesses
of up to 500 employees statewide to support
research and commercialization of novel ideas,
concepts, and projects into cutting-edge
products and services for worldwide economic
impact. MNSBIR, Inc., shall use grant money
to:

(i) assist small businesses in securing federal
research and development funding, including
the Small Business Innovation Research and
Small Business Technology Transfer programs
and other federal research and development
funding opportunities;

(ii) support technology transfer and
commercialization from the University of
Minnesota, Mayo Clinic, and federal
laboratories;

(iii) partner with large businesses;

(iv) conduct statewide outreach, education,
and training on federal rules, regulations, and
requirements;

(v) assist with scientific and technical writing;

(vi) help manage federal grants and contracts;
and

(vii) support cost accounting and sole-source
procurement opportunities.

(e) $10,000,000 the first year is for the
Minnesota Expanding Opportunity Fund
Program under Minnesota Statutes, section
116J.8733. This is a onetime appropriation
and is available until June 30, 2025.

(f) $6,425,000 each year is for the small
business assistance partnerships program
under Minnesota Statutes, section 116J.682.
All grant awards shall be for two consecutive
years. Grants shall be awarded in the first year.
The department may use up to five percent of
the appropriation for administrative purposes.
The base for this appropriation is $2,725,000
in fiscal year 2026 and each year thereafter.

(g) $350,000 each year is for administration
of the community energy transition office.

(h) $5,000,000 each year is transferred from
the general fund to the community energy
transition account for grants under Minnesota
Statutes, section 116J.55. This is a onetime
transfer.

(i) $1,772,000 each year is for contaminated
site cleanup and development grants under
Minnesota Statutes, sections 116J.551 to
116J.558. This appropriation is available until
expended.

(j) $700,000 each year is from the remediation
fund for contaminated site cleanup and
development grants under Minnesota Statutes,
sections 116J.551 to 116J.558. This
appropriation is available until expended.

(k) $389,000 each year is for the Center for
Rural Policy and Development. The base for
this appropriation is $139,000 in fiscal year
2026 and each year thereafter.

(l) $25,000 each year is for the administration
of state aid for the Destination Medical Center
under Minnesota Statutes, sections 469.40 to
469.47.

(m) $875,000 each year is for the host
community economic development program
established in Minnesota Statutes, section
116J.548.

(n) $6,500,000 each year is for grants to local
communities to increase the number of quality
child care providers to support economic
development. Fifty percent of grant money
must go to communities located outside the
seven-county metropolitan area as defined in
Minnesota Statutes, section 473.121,
subdivision 2. The base for this appropriation
is $1,500,000 in fiscal year 2026 and each year
thereafter.

Grant recipients must obtain a 50 percent
nonstate match to grant money in either cash
or in-kind contribution, unless the
commissioner waives the requirement. Grant
money available under this subdivision must
be used to implement projects to reduce the
child care shortage in the state, including but
not limited to funding for child care business
start-ups or expansion, training, facility
modifications, direct subsidies or incentives
to retain employees, or improvements required
for licensing, and assistance with licensing
and other regulatory requirements. In awarding
grants, the commissioner must give priority
to communities that have demonstrated a
shortage of child care providers.

Within one year of receiving grant money,
grant recipients must report to the
commissioner on the outcomes of the grant
program, including but not limited to the
number of new providers, the number of
additional child care provider jobs created, the
number of additional child care openings, and
the amount of cash and in-kind local money
invested. Within one month of all grant
recipients reporting on program outcomes, the
commissioner must report the grant recipients'
outcomes to the chairs and ranking members
of the legislative committees with jurisdiction
over early learning and child care and
economic development.

(o) $500,000 each year is for the Office of
Child Care Community Partnerships. Of this
amount:

(1) $450,000 each year is for administration
of the Office of Child Care Community
Partnerships; and

(2) $50,000 each year is for the Labor Market
Information Office to conduct research and
analysis related to the child care industry.

(p) $3,500,000 each year is for grants in equal
amounts to each of the Minnesota Initiative
Foundations. This appropriation is available
until June 30, 2027. The base for this
appropriation is $1,000,000 in fiscal year 2026
and each year thereafter. The Minnesota
Initiative Foundations must use grant money
under this section to:

(1) facilitate planning processes for rural
communities resulting in a community solution
action plan that guides decision making to
sustain and increase the supply of quality child
care in the region to support economic
development;

(2) engage the private sector to invest local
resources to support the community solution
action plan and ensure quality child care is a
vital component of additional regional
economic development planning processes;

(3) provide locally based training and technical
assistance to rural business owners
individually or through a learning cohort.
Access to financial and business development
assistance must prepare child care businesses
for quality engagement and improvement by
stabilizing operations, leveraging funding from
other sources, and fostering business acumen
that allows child care businesses to plan for
and afford the cost of providing quality child
care; and

(4) recruit child care programs to participate
in quality rating and improvement
measurement programs. The Minnesota
Initiative Foundations must work with local
partners to provide low-cost training,
professional development opportunities, and
continuing education curricula. The Minnesota
Initiative Foundations must fund, through local
partners, an enhanced level of coaching to
rural child care providers to obtain a quality
rating through measurement programs.

(q) $8,000,000 each year is for the Minnesota
job creation fund under Minnesota Statutes,
section 116J.8748. Of this amount, the
commissioner of employment and economic
development may use up to three percent for
administrative expenses. This appropriation
is available until expended. Notwithstanding
Minnesota Statutes, section 116J.8748, money
appropriated for the job creation fund may be
used for redevelopment under Minnesota
Statutes, sections 116J.575 and 116J.5761, at
the discretion of the commissioner.

(r) $12,370,000 each year is for the Minnesota
investment fund under Minnesota Statutes,
section 116J.8731. Of this amount, the
commissioner of employment and economic
development may use up to three percent for
administration and monitoring of the program.
This appropriation is available until expended.
Notwithstanding Minnesota Statutes, section
116J.8731, money appropriated to the
commissioner for the Minnesota investment
fund may be used for the redevelopment
program under Minnesota Statutes, sections
116J.575 and 116J.5761, at the discretion of
the commissioner. Grants under this paragraph
are not subject to the grant amount limitation
under Minnesota Statutes, section 116J.8731.

(s) $4,246,000 each year is for the
redevelopment program under Minnesota
Statutes, sections 116J.575 and 116J.5761.
The base for this appropriation is $2,246,000
in fiscal year 2026 and each year thereafter.
This appropriation is available until expended.

(t) $1,000,000 each year is for the Minnesota
emerging entrepreneur loan program under
Minnesota Statutes, section 116M.18. Money
available under this paragraph is for transfer
into the emerging entrepreneur program
special revenue fund account created under
Minnesota Statutes, chapter 116M, and are
available until expended. Of this amount, up
to four percent is for administration and
monitoring of the program.

(u) $325,000 deleted text begin eachdeleted text end new text begin the firstnew text end year is for the
Minnesota Film and TV Board. The
appropriation deleted text begin each yeardeleted text end is available only upon
receipt by the board of $1 in matching
contributions of money or in-kind
contributions from nonstate sources for every
$3 provided by this appropriation, except that
deleted text begin each yeardeleted text end up to $50,000 is available on July
1 even if the required matching contribution
has not been received by that date.new text begin This is a
onetime appropriation.
new text end

(v) $12,000 each year is for a grant to the
Upper Minnesota Film Office.

(w) $500,000 deleted text begin eachdeleted text end new text begin the firstnew text end year is for a grant
to the Minnesota Film and TV Board for the
film production jobs program under Minnesota
Statutes, section 116U.26. This appropriation
is available until June 30, 2027.new text begin This is a
onetime appropriation.
new text end

(x) $4,195,000 each year is for the Minnesota
job skills partnership program under
Minnesota Statutes, sections 116L.01 to
116L.17. If the appropriation for either year
is insufficient, the appropriation for the other
year is available. This appropriation is
available until expended.

(y) $1,350,000 each year from the workforce
development fund is for jobs training grants
under Minnesota Statutes, section 116L.41.

(z) $47,475,000 each year is for the PROMISE
grant program. This is a onetime appropriation
and is available until June 30, 2027. Of this
amount:

(1) $475,000 each year is for administration
of the PROMISE grant program;

(2) $7,500,000 each year is for grants in equal
amounts to each of the Minnesota Initiative
Foundations to serve businesses in greater
Minnesota. Of this amount, $600,000 each
year is for grants to businesses with less than
$100,000 in revenue in the prior year; and

(3) $39,500,000 each year is for grants to the
Neighborhood Development Center. Of this
amount, the following amounts are designated
for the following areas:

(i) $16,000,000 each year is for North
Minneapolis' West Broadway, Camden, or
other Northside neighborhoods. Of this
amount, $1,000,000 each year is for grants to
businesses with less than $100,000 in revenue
in the prior year;

(ii) $13,500,000 each year is for South
Minneapolis' Lake Street, 38th and Chicago,
Franklin, Nicollet, and Riverside corridors.
Of this amount, $750,000 each year is for
grants to businesses with less than $100,000
in revenue in the prior year; and

(iii) $10,000,000 each year is for St. Paul's
University Avenue, Midway, Eastside, or other
St. Paul neighborhoods. Of this amount,
$750,000 each year is for grants to businesses
with less than $100,000 in revenue in the prior
year.

(aa) $15,150,000 each year is for the
PROMISE loan program. This is a onetime
appropriation and is available until June 30,
2027. Of this amount:

(1) $150,000 each year is for administration
of the PROMISE loan program;

(2) $3,000,000 each year is for grants in equal
amounts to each of the Minnesota Initiative
Foundations to serve businesses in greater
Minnesota; and

(3) $12,000,000 each year is for grants to the
Metropolitan Economic Development
Association (MEDA). Of this amount, the
following amounts are designated for the
following areas:

(i) $4,500,000 each year is for North
Minneapolis' West Broadway, Camden, or
other Northside neighborhoods;

(ii) $4,500,000 each year is for South
Minneapolis' Lake Street, 38th and Chicago,
Franklin, Nicollet, and Riverside corridors;
and

(iii) $3,000,000 each year is for St. Paul's
University Avenue, Midway, Eastside, or other
St. Paul neighborhoods.

(bb) $1,500,000 each year is for a grant to the
Metropolitan Consortium of Community
Developers for the community wealth-building
grant program pilot project. Of this amount,
up to two percent is for administration and
monitoring of the community wealth-building
grant program pilot project. This is a onetime
appropriation.

(cc) $250,000 each year is for the publication,
dissemination, and use of labor market
information under Minnesota Statutes, section
116J.401.

(dd) $5,000,000 the first year is for a grant to
the Bloomington Port Authority to provide
funding for the Expo 2027 host organization.
The Bloomington Port Authority must enter
into an agreement with the host organization
over the use of money, which may be used for
activities, including but not limited to
finalizing the community dossier and staffing
the host organization and for infrastructure
design and planning, financial modeling,
development planning and coordination of
both real estate and public private partnerships,
and reimbursement of costs the Bloomington
Port Authority incurred. In selecting vendors
and exhibitors for Expo 2027, the host
organization shall prioritize outreach to,
collaboration with, and inclusion of businesses
that are majority owned by people of color,
women, and people with disabilities. The host
organization and Bloomington Port Authority
may be reimbursed for expenses 90 days prior
to encumbrance. This appropriation is
contingent on approval of the project by the
Bureau International des Expositions. If the
project is not approved by the Bureau
International des Expositions, the money shall
transfer to the Minnesota investment fund
under Minnesota Statutes, section 116J.8731.
Any unencumbered balance remaining at the
end of the first year does not cancel but is
available for the second year.

(ee) $5,000,000 the first year is for a grant to
the Neighborhood Development Center for
small business programs, including training,
lending, business services, and real estate
programming; small business incubator
development in the Twin Cities and outside
the seven-county metropolitan area; and
technical assistance activities for partners
outside the seven-county metropolitan area;
and for high-risk, character-based loan capital
for nonrecourse loans. This is a onetime
appropriation. Any unencumbered balance
remaining at the end of the first year does not
cancel but is available for the second year.

(ff) $5,000,000 the first year is for transfer to
the emerging developer fund account in the
special revenue fund. Of this amount, up to
five percent is for administration and
monitoring of the emerging developer fund
program under Minnesota Statutes, section
116J.9926, and the remainder is for a grant to
the Local Initiatives Support Corporation -
Twin Cities to serve as a partner organization
under the program. This is a onetime
appropriation.

(gg) $5,000,000 the first year is for the
Canadian border counties economic relief
program under article 5. Of this amount, up
to $1,000,000 is for Tribal economic
development and $2,100,000 is for a grant to
Lake of the Woods County for the forgivable
loan program for remote recreational
businesses. This is a onetime appropriation
and is available until June 30, 2026.

(hh) $1,000,000 each year is for a grant to
African Economic Development Solutions.
This is a onetime appropriation and is
available until June 30, 2026. Of this amount:

(1) $500,000 each year is for a loan fund that
must address pervasive economic inequities
by supporting business ventures of
entrepreneurs in the African immigrant
community; and

(2) $250,000 each year is for workforce
development and technical assistance,
including but not limited to business
development, entrepreneur training, business
technical assistance, loan packing, and
community development services.

(ii) $1,500,000 each year is for a grant to the
Latino Economic Development Center. This
is a onetime appropriation and is available
until June 30, 2025. Of this amount:

(1) $750,000 each year is to assist, support,
finance, and launch microentrepreneurs by
delivering training, workshops, and
one-on-one consultations to businesses; and

(2) $750,000 each year is 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.

(jj) $627,000 the first year is for a grant to
Community and Economic Development
Associates (CEDA) to provide funding for
economic development technical assistance
and economic development project grants to
small communities across rural Minnesota and
for CEDA to design, implement, market, and
administer specific types of basic community
and economic development programs tailored
to individual community needs. Technical
assistance grants shall be based on need and
given to communities that are otherwise
unable to afford these services. Of the amount
appropriated, up to $270,000 may be used for
economic development project implementation
in conjunction with the technical assistance
received. This is a onetime appropriation. Any
unencumbered balance remaining at the end
of the first year does not cancel but is available
the second year.

(kk) $2,000,000 the first year is for a grant to
WomenVenture to:

(1) support child care providers through
business training and shared services programs
and to create materials that could be used, free
of charge, for start-up, expansion, and
operation of child care businesses statewide,
with the goal of helping new and existing child
care businesses in underserved areas of the
state become profitable and sustainable; and

(2) support business expansion for women
food entrepreneurs throughout Minnesota's
food supply chain to help stabilize and
strengthen their business operations, create
distribution networks, offer technical
assistance and support to beginning women
food entrepreneurs, develop business plans,
develop a workforce, research expansion
strategies, and for other related activities.

Eligible uses of the money include but are not
limited to:

(i) leasehold improvements;

(ii) additions, alterations, remodeling, or
renovations to rented space;

(iii) inventory or supplies;

(iv) machinery or equipment purchases;

(v) working capital; and

(vi) debt refinancing.

Money distributed to entrepreneurs may be
loans, forgivable loans, and grants. Of this
amount, up to five percent may be used for
the WomenVenture's technical assistance and
administrative costs. This is a onetime
appropriation and is available until June 30,
2026.

By December 15, 2026, WomenVenture must
submit a report to the chairs and ranking
minority members of the legislative
committees with jurisdiction over agriculture
and employment and economic development.
The report must include a summary of the uses
of the appropriation, including the amount of
the appropriation used for administration. The
report must also provide a breakdown of the
amount of funding used for loans, forgivable
loans, and grants; information about the terms
of the loans issued; a discussion of how money
from repaid loans will be used; the number of
entrepreneurs assisted; and a breakdown of
how many entrepreneurs received assistance
in each county.

(ll) $2,000,000 the first year is for a grant to
African Career, Education, and Resource, Inc.,
for operational infrastructure and technical
assistance to small businesses. This
appropriation is available until June 30, 2025.

(mm) $5,000,000 the first year is for a grant
to the African Development Center to provide
loans to purchase commercial real estate and
to expand organizational infrastructure. This
appropriation is available until June 30, 2025.
Of this amount:

(1) $2,800,000 is for loans to purchase
commercial real estate targeted at African
immigrant small business owners;

(2) $364,000 is for loan loss reserves to
support loan volume growth and attract
additional capital;

(3) $836,000 is for increasing organizational
capacity;

(4) $300,000 is for the safe 2 eat project of
inclusive assistance with required restaurant
licensing examinations; and

(5) $700,000 is for a center for community
resources for language and technology
assistance for small businesses.

(nn) $7,000,000 the first year is for grants to
the Minnesota Initiative Foundations to
capitalize their revolving loan funds, which
address unmet financing needs of for-profit
business start-ups, expansions, and ownership
transitions; nonprofit organizations; and
developers of housing to support the
construction, rehabilitation, and conversion
of housing units. Of the amount appropriated:

(1) $1,000,000 is for a grant to the Southwest
Initiative Foundation;

(2) $1,000,000 is for a grant to the West
Central Initiative Foundation;

(3) $1,000,000 is for a grant to the Southern
Minnesota Initiative Foundation;

(4) $1,000,000 is for a grant to the Northwest
Minnesota Foundation;

(5) $2,000,000 is for a grant to the Initiative
Foundation of which $1,000,000 is for
redevelopment of the St. Cloud Youth and
Family Center; and

(6) $1,000,000 is for a grant to the Northland
Foundation.

(oo) $500,000 each year is for a grant to
Enterprise Minnesota, Inc., to reach and
deliver talent, leadership, employee retention,
continuous improvement, strategy, quality
management systems, revenue growth, and
manufacturing peer-to-peer advisory services
to small manufacturing companies employing
35 or fewer full-time equivalent employees.
This is a onetime appropriation. No later than
February 1, 2025, and February 1, 2026,
Enterprise Minnesota, Inc., must provide a
report to the chairs and ranking minority
members of the legislative committees with
jurisdiction over economic development that
includes:

(1) the grants awarded during the past 12
months;

(2) the estimated financial impact of the grants
awarded to each company receiving services
under the program;

(3) the actual financial impact of grants
awarded during the past 24 months; and

(4) the total amount of federal funds leveraged
from the Manufacturing Extension Partnership
at the United States Department of Commerce.

(pp) $375,000 each year is for a grant to
PFund Foundation to provide grants to
LGBTQ+-owned small businesses and
entrepreneurs. Of this amount, up to five
percent may be used for PFund Foundation's
technical assistance and administrative costs.
This is a onetime appropriation and is
available until June 30, 2026. To the extent
practicable, money must be distributed by
PFund Foundation as follows:

(1) at least 33.3 percent to businesses owned
by members of racial minority communities;
and

(2) at least 33.3 percent to businesses outside
of the seven-county metropolitan area as
defined in Minnesota Statutes, section
473.121, subdivision 2.

(qq) $125,000 each year is for a grant to
Quorum to provide business support, training,
development, technical assistance, and related
activities for LGBTQ+-owned small
businesses that are recipients of a PFund
Foundation grant. Of this amount, up to five
percent may be used for Quorum's technical
assistance and administrative costs. This is a
onetime appropriation and is available until
June 30, 2026.

(rr) $5,000,000 the first year is for a grant to
the Metropolitan Economic Development
Association (MEDA) for statewide business
development and assistance services to
minority-owned businesses. This is a onetime
appropriation. Any unencumbered balance
remaining at the end of the first year does not
cancel but is available the second year. Of this
amount:

(1) $3,000,000 is for a revolving loan fund to
provide additional minority-owned businesses
with access to capital; and

(2) $2,000,000 is for operating support
activities related to business development and
assistance services for minority business
enterprises.

By February 1, 2025, MEDA shall report to
the commissioner and the chairs and ranking
minority members of the legislative
committees with jurisdiction over economic
development policy and finance on the loans
and operating support activities, including
outcomes and expenditures, supported by the
appropriation under this paragraph.

(ss) $2,500,000 each year is for a grant to a
Minnesota-based automotive component
manufacturer and distributor specializing in
electric vehicles and sensor technology that
manufactures all of their parts onshore to
expand their manufacturing. The grant
recipient under this paragraph shall submit
reports on the uses of the money appropriated,
the number of jobs created due to the
appropriation, wage information, and the city
and state in which the additional
manufacturing activity was located to the
chairs and ranking minority members of the
legislative committees with jurisdiction over
economic development. An initial report shall
be submitted by December 15, 2023, and a
final report is due by December 15, 2025. This
is a onetime appropriation.

(tt)(1) $125,000 each year is for grants to the
Latino Chamber of Commerce Minnesota to
support the growth and expansion of small
businesses statewide. Funds may be used for
the cost of programming, outreach, staffing,
and supplies. This is a onetime appropriation.

(2) By January 15, 2026, the Latino Chamber
of Commerce Minnesota must submit a report
to the legislative committees with jurisdiction
over economic development that details the
use of grant funds and the grant's economic
impact.

(uu) $175,000 the first year is for a grant to
the city of South St. Paul new text begin to study optionsnew text end for
repurposing the 1927 American Legion
Memorial Library after the property is no
longer used as a library. This appropriation is
available until the project is completed or
abandoned, subject to Minnesota Statutes,
section 16A.642.

(vv) $250,000 the first year is for a grant to
LatinoLEAD for organizational
capacity-building.

(ww) $80,000 the first year is for a grant to
the Neighborhood Development Center for
small business competitive grants to software
companies working to improve employee
engagement and workplace culture and to
reduce turnover.

(xx)(1) $3,000,000 in the first year is for a
grant to the Center for Economic Inclusion for
strategic, data-informed investments in job
creation strategies that respond to the needs
of underserved populations statewide. This
may include forgivable loans, revenue-based
financing, and equity investments for
entrepreneurs with barriers to growth. Of this
amount, up to five percent may be used for
the center's technical assistance and
administrative costs. This appropriation is
available until June 30, 2025.

(2) By January 15, 2026, the Center for
Economic Inclusion shall submit a report on
the use of grant funds, including any loans
made, to the legislative committees with
jurisdiction over economic development.

(yy) $500,000 deleted text begin eachdeleted text end new text begin the firstnew text end year is for a grant
to the Asian Economic Development
Association for asset building and financial
empowerment for entrepreneurs and small
business owners, small business development
and technical assistance, and cultural
placemaking. This is a onetime appropriation.

(zz) $500,000 each year is for a grant to
Isuroon to support primarily African
immigrant women with entrepreneurial
training to start, manage, and grow
self-sustaining microbusinesses, develop
incubator space for these businesses, and
provide support with financial and language
literacy, systems navigation to eliminate
capital access disparities, marketing, and other
technical assistance. This is a onetime
appropriation.

Sec. 3.

Laws 2023, chapter 53, article 20, section 3, is amended to read:

Sec. 3. EXPLORE MINNESOTA TOURISM

40,954,000
40,554,000

21,369,000

(a) $500,000 each year must be matched from
nonstate sources to develop maximum private
sector involvement in tourism. Each $1 of state
incentive must be matched with $6 of private
sector money. "Matched" means revenue to
the state or documented in-kind, soft match,
or cash expenditures directly expended to
support Explore Minnesota Tourism under
Minnesota Statutes, section 116U.05. The
incentive in fiscal year 2024 is based on fiscal
year 2023 private sector contributions. The
incentive in fiscal year 2025 is based on fiscal
year 2024 private sector contributions. This
incentive is ongoing.

(b) $11,000,000 the first year is for the
development of Explore Minnesota for
Business under Minnesota Statutes, section
116U.07, to market the overall livability and
economic opportunities of Minnesota. This is
a onetime appropriation.

(c) $5,500,000 each year is for the
development of new initiatives for Explore
Minnesota Tourism. If the amount in the first
year is insufficient, the amount in the second
year is available in the first year. This is a
onetime appropriation.

(d) deleted text begin $6,047,000deleted text end new text begin $5,647,000new text end the first year and
$600,000 the second year is for grants for
infrastructure and associated costs for cultural
festivals and events, including but not limited
to buildout, permits, sanitation and
maintenance services, transportation, staffing,
event programming, public safety, facilities
and equipment rentals, signage, and insurance.
This is a onetime appropriation. Of this
amount:

(1) $1,847,000 the first year is for a grant to
the Minneapolis Downtown Council for the
Taste of Minnesota event;

(2) $1,200,000 the first year is for a grant to
the Stairstep Foundation for African American
cultural festivals and events;

(3) deleted text begin $1,200,000deleted text end new text begin $800,000new text end the first year is for
grants for Somali community and cultural
festivals and events, including festivals and
events in greater Minnesota, as follows:

(i) $400,000 is for a grant to Ka Joog;new text begin and
new text end

(ii) $400,000 is for a grant to the Somali
Museum of Minnesota; deleted text begin and
deleted text end

deleted text begin (iii) $400,000 is for a grant to ESHARA;
deleted text end

(4) $1,200,000 the first year is for a grant to
West Side Boosters for Latino cultural
festivals and events; and

(5) $600,000 the first year and $600,000 the
second year are for grants to the United
Hmong Family, Inc. for the Hmong
International Freedom Festival event.

(e) Money for marketing grants is available
either year of the biennium. Unexpended grant
money from the first year is available in the
second year.

(f) The base for Explore Minnesota is
$17,023,000 from the general fund in fiscal
year 2026 and each year thereafter.

Sec. 4. new text begin APPROPRIATIONS.
new text end

new text begin Subdivision 1. new text end

new text begin Department of Employment and Economic Development. new text end

new text begin $6,797,000
in fiscal year 2025 is appropriated from the general fund to the commissioner of employment
and economic development. This appropriation is onetime and in addition to the amounts
appropriated in Laws 2023, chapter 53. Of this amount:
new text end

new text begin (1) $500,000 is for a grant to the Asian Economic Development Association for asset
building and financial empowerment for entrepreneurs and small business owners, small
business development and technical assistance, and cultural placemaking. This amount is
available until June 30, 2027;
new text end

new text begin (2) $497,000 is for a grant to Propel Nonprofits for a microloan capital program to
provide assistance to organizations that primarily serve historically underserved communities,
including loans, forgivable loans, grants for working capital or regranting, and real estate
and technical assistance. Up to five percent of this amount may be used by the grantee for
administrative costs;
new text end

new text begin (3) $1,000,000 is for a grant to the New American Development Center to provide small
businesses and entrepreneurs with technical assistance, financial education, training, and
lending and to build the grantee's capacity;
new text end

new text begin (4) $1,000,000 is for a grant to the Entrepreneur Fund to capitalize their revolving loan
funds to address unmet financing needs in northeast Minnesota of for-profit business startups,
expansions, and ownership transitions;
new text end

new text begin (5) $500,000 is for a grant to the Coalition of Asian American Leaders to support
outreach, training, technical assistance, peer network development, and direct financial
assistance for Asian Minnesotan women entrepreneurs. This amount is available until June
30, 2026;
new text end

new text begin (6) $300,000 is for a grant to Fortis Capital for a revolving loan fund to provide
risk-mitigating capital for commercial development activities in underserved communities
and to entrepreneurs from disadvantaged groups statewide. This amount is available until
expended and up to ten percent of the amount may be used for administrative costs;
new text end

new text begin (7) $500,000 is for a grant to Arrowhead Economic Opportunity Agency to develop a
new service center; and
new text end

new text begin (8) $2,500,000 is for Launch Minnesota and is available until June 30, 2027. Of this
amount:
new text end

new text begin (i) $1,500,000 is for innovation grants to eligible Minnesota entrepreneurs or start-up
businesses to assist with their operating needs;
new text end

new text begin (ii) $500,000 is for administration of Launch Minnesota; and
new text end

new text begin (iii) $500,000 is for grantee activities at Launch Minnesota.
new text end

new text begin Subd. 2. new text end

new text begin Explore Minnesota. new text end

new text begin $3,425,000 in fiscal year 2025 is appropriated from the
general fund to Explore Minnesota. This appropriation is in addition to the amounts
appropriated in Laws 2023, chapter 53, and, except as otherwise specified, is onetime. Of
this amount:
new text end

new text begin (1) $725,000 is for Explore Minnesota Film. The base for this appropriation is $525,000
in fiscal year 2026 and $525,000 in fiscal year 2027;
new text end

new text begin (2) $300,000 is for Explore Minnesota Film for the film production jobs program under
Minnesota Statutes, section 116U.26. The base for this appropriation is $300,000 in fiscal
year 2026 and $300,000 in fiscal year 2027;
new text end

new text begin (3) $400,000 is for a grant to Ka Joog for Somali community and cultural festivals and
events, including festivals and events in greater Minnesota;
new text end

new text begin (4) $1,000,000 is for a grant to Minnesota Sports and Events for the World Junior Hockey
Championships; and
new text end

new text begin (5) $1,000,000 is for a grant to 2026 Special Olympics USA Games. This amount is
available until June 30, 2027.
new text end

Sec. 5. new text begin CANCELLATIONS OF PRIOR APPROPRIATIONS.
new text end

new text begin The $5,000,000 fiscal year 2024 appropriation from the general fund in Laws 2023,
chapter 53, article 20, section 2, subdivision 2, paragraph (dd), is canceled.
new text end

ARTICLE 2

ECONOMIC DEVELOPMENT POLICY

Section 1.

Minnesota Statutes 2022, section 116J.435, subdivision 3, is amended to read:

Subd. 3.

Grant program established.

(a) The commissioner shall make deleted text begin competitivedeleted text end
grants to local governmental units to acquire and prepare land on which public infrastructure
required to support an eligible project will be locateddeleted text begin , including demolition of structures
and remediation of any hazardous conditions on the land, or to predesign, design, acquire,deleted text end
new text begin and to new text end construct, furnish, and equip public infrastructure required to support an eligible
project. The local governmental unit receiving a grant must provide for the remainder of
the public infrastructure costs from other sources. deleted text begin The commissioner may waive the
requirements related to an eligible project under subdivision 2 if a project would be eligible
under this section but for the fact that its location requires infrastructure improvements to
residential development.
deleted text end

(b) The amount of a grant may not exceed deleted text begin the lesser of the cost of the public infrastructure
ordeleted text end 50 percent of the sum of the cost of the public infrastructure deleted text begin plus the cost of the completed
eligibledeleted text end project.

(c) The purpose of the program is to keep or enhance jobs in the area, increase the tax
base, or to expand or create new economic development through the growth of new
innovative businesses and organizations.

Sec. 2.

Minnesota Statutes 2022, section 116J.435, subdivision 4, is amended to read:

Subd. 4.

Application.

(a) The commissioner must develop forms and procedures for
soliciting and reviewing applications for grants under this section. At a minimum, a local
governmental unit must include deleted text begin the following informationdeleted text end in its applicationnew text begin a resolution
certifying that the money required to be supplied by the local governmental unit to complete
the public infrastructure project is available and committed. The commissioner must evaluate
complete applications for eligible projects using the following criterianew text end :

(1) deleted text begin a resolution of its governing body certifying that the money required to be supplied
by the local governmental unit to complete the public infrastructure is available and
committeddeleted text end new text begin the project is an eligible project as defined under subdivision 2new text end ;

(2) deleted text begin a detailed estimate, along with necessary supporting evidence, of the total development
costs for the public infrastructure and eligible projectdeleted text end new text begin the project is expected to result in or
will attract substantial public and private capital investment and provide substantial economic
benefit to the county or city in which the project would be locatednew text end ;

(3) deleted text begin an assessment of the potential or likely use of the site for innovative business activities
after completion of the public infrastructure and eligible projectdeleted text end new text begin the project is not relocating
substantially the same operation from another location in the state, unless the commissioner
determines the project cannot be reasonably accommodated within the county or city in
which the business is currently located, or the business would otherwise relocate to another
statenew text end ;new text begin and
new text end

(4) deleted text begin a timeline indicating the major milestones of the public infrastructure and eligible
project and their anticipated completion dates;deleted text end new text begin the project is expected to create or retain
full-time jobs.
new text end

deleted text begin (5) a commitment from the governing body to repay the grant if the milestones are not
realized by the completion date identified in clause (4); and
deleted text end

deleted text begin (6) any additional information or material the commissioner prescribes.
deleted text end

(b) The determination of whether to make a grant deleted text begin under subdivision 3deleted text end new text begin for a sitenew text end is within
the discretion of the commissioner, subject to this section. The commissioner's decisions
and application of the deleted text begin prioritiesdeleted text end new text begin criterianew text end are not subject to judicial review, except for abuse
of discretion.

Sec. 3.

Minnesota Statutes 2022, section 116J.5492, subdivision 2, is amended to read:

Subd. 2.

Membership.

(a) The advisory committee consists of 18 voting members and
eight ex officio nonvoting members.

(b) The voting members of the advisory committee are appointed by the commissioner
of employment and economic development, except as specified below:

(1) two members of the senate, one appointed by the majority leader of the senate and
one appointed by the minority leader of the senate;

(2) two members of the house of representatives, one appointed by the speaker of the
house of representatives and one appointed by the minority leader of the house of
representatives;

(3) one representative of the Prairie Island Indian community;

(4) four representatives of impacted communities, of which two must represent counties
and two must represent municipalities, and, to the extent possible, of the impacted facilities
in those communities, at least one must be a coal plant, at least one must be a nuclear plant,
and at least one must be a natural gas plant;

(5) three representatives of impacted workers at impacted facilities;

(6) one representative of impacted workers employed by companies that, under contract,
regularly perform construction, maintenance, or repair work at an impacted facility;

(7) one representative with professional economic development or workforce retraining
experience;

(8) two representatives of utilities that operate an impacted facility;

(9) one representative from a nonprofit organization with expertise and experience
delivering energy efficiency and conservation programs; deleted text begin and
deleted text end

new text begin (10) one representative of a school district facing revenue loss due to energy transition;
and
new text end

deleted text begin (10)deleted text end new text begin (11)new text end one representative from the Coalition of Utility Cities.

(1) the governor or the governor's designee;

(2) the commissioner of employment and economic development or the commissioner's
designee;

(3) the commissioner of commerce or the commissioner's designee;

(4) the commissioner of labor and industry or the commissioner's designee;

(5) the commissioner of revenue or the commissioner's designee;

(6) the executive secretary of the Public Utilities Commission or the secretary's designee;

(7) the commissioner of the Pollution Control Agency or the commissioner's designee;
and

(8) the chancellor of the Minnesota State Colleges and Universities or the chancellor's
designee.

Sec. 4.

Minnesota Statutes 2023 Supplement, section 116J.682, subdivision 1, is amended
to read:

Subdivision 1.

Definitions.

(a) For the purposes of this section, the terms in this
subdivision have the meanings given.

(b) "Commissioner" means the commissioner of employment and economic development.

(1) nonprofit organizations or public entities, including higher education institutions,
engaged in business development or economic development;

(2) community development financial institutions; deleted text begin or
deleted text end

(3) community development corporationsnew text begin ; and
new text end

new text begin (4) Tribal economic development entitiesnew text end .

(d) "Small business" has the meaning given in section 3 of the Small Business Act,
United States Code, title 15, section 632.

(e) "Underserved populations and geographies" means individuals who are Black,
Indigenous, people of color, veterans, people with disabilities, people who are LGBTQ+,
and low-income individuals and includes people from rural Minnesota.

Sec. 5.

Minnesota Statutes 2023 Supplement, section 116J.682, subdivision 3, is amended
to read:

Subd. 3.

Small business assistance partnerships grants.

(a) The commissioner shall
make small business assistance partnerships grants to local and regional community-based
organizations to provide small business development and technical assistance services to
entrepreneurs and small business owners. The commissioner must prioritize applications
that provide services to underserved populations and geographies.

(b) Grantees shall use the grant funds to provide high-quality, free deleted text begin or low-costdeleted text end
professional business development and technical assistance services that support the start-up,
growth, and success of Minnesota's entrepreneurs and small business owners.

new text begin (c) Grantees may use up to 15 percent of grant funds for expenses incurred while
administering the grant, including but not limited to expenses related to technology, utilities,
legal services, training, accounting, insurance, financial management, benefits, reporting,
servicing of loans, and audits.
new text end

Sec. 6.

Minnesota Statutes 2023 Supplement, section 116J.8733, is amended to read:

116J.8733 MINNESOTA EXPANDING OPPORTUNITY FUND PROGRAM.

Subdivision 1.

Establishment.

The Minnesota Expanding Opportunity Fund Program
is established to capitalize Minnesota nonprofit corporationsnew text begin , Tribal economic development
entities, and community development financial institutionsnew text end to increase lending activities
with Minnesota small businesses.

Subd. 2.

Long-term loans.

The department may make long-term loans of ten to 12 years
at 0.5 percent or lower interest rates to nonprofit corporationsnew text begin , Tribal economic development
entities, and community development financial institutionsnew text end to enable nonprofit corporationsnew text begin ,
Tribal economic development entities, and community development financial institutionsnew text end
to make more loans to Minnesota small businesses. The department may use the interest
received to offset the cost of administering small business lending programs.

Subd. 3.

Loan eligibilitydeleted text begin ; nonprofit corporationdeleted text end .

(a) The eligible nonprofit corporationnew text begin ,
Tribal economic development entity, or community development financial institutionnew text end must
not meet the definition of recipient under section 116J.993, subdivision 6.

(b) The commissioner may enter into loan agreements with Minnesota nonprofit
corporationsnew text begin , Tribal economic development entities, and community development financial
institutionsnew text end that apply to participate in the Minnesota Expanding Opportunity Fund Program.
The commissioner shall evaluate applications from applicant nonprofit corporationsnew text begin , Tribal
economic development entities, and community development financial institutionsnew text end . In
evaluating applications, the department must consider, among other things, whether the
nonprofit corporationnew text begin , Tribal economic development entity, or community development
financial institutionnew text end :

(1) meets the statutory definition of a community development financial institution as
defined in section 103 of the Riegle Community Development and Regulatory Improvement
Act of 1994, United States Code, title 12, section 4702;

(2) has a board of directors or loan or credit committee that includes citizens experienced
in small business services and community development;

(3) has the technical skills to analyze small business loan requests;

(4) is familiar with other available public and private funding sources and economic
development programs;

(5) is enrolled in one or more eligible federally funded state programs; and

(6) has the administrative capacity to manage a loan portfolio.

Subd. 4.

Revolving loan fund.

(a) The commissioner shall establish a revolving loan
fund to make loans to nonprofit corporationsnew text begin , Tribal economic development entities, and
community development financial institutionsnew text end for the purpose of increasing nonprofit
corporationnew text begin , Tribal economic development entity, and community development financial
institutionnew text end capital and lending activities with Minnesota small businesses.

(b) Nonprofit corporationsnew text begin , Tribal economic development entities, and community
development financial institutionsnew text end that receive loans from the commissioner under the
program must establish appropriate accounting practices for the purpose of tracking eligible
loans.

Subd. 5.

Loan portfolio administration.

(a) The new text begin fee or new text end interest rate charged by a
nonprofit corporationnew text begin , Tribal economic development entity, or community development
financial institutionnew text end for a loan under this subdivision must not exceed deleted text begin the Wall Street Journal
prime rate plus twodeleted text end new text begin tennew text end percent. A nonprofit corporationnew text begin , Tribal economic development
entity, or community development financial institutionnew text end participating in the Minnesota
Expanding Opportunity Fund Program may charge a loan closing fee equal to or less than
deleted text begin twodeleted text end new text begin onenew text end percent of the loan value.

(b) The nonprofit corporationnew text begin , Tribal economic development entity, or community
development financial institutionnew text end may retain all earnings from fees and interest from loans
to small businesses.

new text begin (c) The department must provide the nonprofit corporation, Tribal economic development
entity, or community development financial institution making the loan with a fee equal to
one percent of the loan value for every loan closed to offset related expenses for loan
processing, loan servicing, legal filings, and reporting.
new text end

Subd. 6.

Cooperation.

A nonprofit corporationnew text begin , Tribal economic development entity,
or community development financial institutionnew text end that receives a program loan shall cooperate
with other organizations, including but not limited to community development corporations,
community action agencies, and the Minnesota small business development centers.

Subd. 7.

Reporting requirements.

(a) A nonprofit corporationnew text begin , Tribal economic
development entity, or community development financial institutionnew text end that receives a program
loan must submit an annual report to the commissioner by February 15 of each year that
includes:

(1) the number of businesses to which a loan was made;

(2) a description of businesses supported by the program;

(3) demographic information, as specified by the commissioner, regarding each borrower;

(4) an account of loans made during the calendar year;

(5) the program's impact on job creation and retention;

(6) the source and amount of money collected and distributed by the program;

(7) the program's assets and liabilities; and

(8) an explanation of administrative expenses.

(b) A nonprofit corporationnew text begin , Tribal economic development entity, or community
development financial institutionnew text end that receives a program loan must provide for an
independent annual audit to be performed in accordance with generally accepted accounting
practices and auditing standards and submit a copy of each annual audit report to the
commissioner.

Sec. 7.

Minnesota Statutes 2023 Supplement, section 116J.8751, is amended by adding a
subdivision to read:

new text begin Subd. 10. new text end

new text begin Expiration. new text end

new text begin This section expires June 30, 2027.
new text end

Sec. 8.

Minnesota Statutes 2022, section 116M.18, is amended to read:

116M.18 MINNESOTA EMERGING ENTREPRENEUR PROGRAM.

Subdivision 1.

Establishment.

The Minnesota emerging entrepreneur program is
established to award grants to nonprofit corporationsnew text begin , Tribal economic development entities,
and community development financial institutionsnew text end to fund loans to businesses owned by
minority or low-income persons, women, veterans, or people with disabilities.

Subd. 1a.

Statewide loans.

To the extent there is sufficient eligible demand, loans shall
be made so that an approximately equal dollar amount of loans are made to businesses in
the metropolitan area as in the nonmetropolitan area. After March 31 of each fiscal year,
the department may allow loans to be made anywhere in the state without regard to
geographic area.

Subd. 1b.

Grants.

The department shall make grants to nonprofit corporationsnew text begin , Tribal
economic development entities, and community development financial institutionsnew text end to fund
loans to businesses owned by minority or low-income persons, women, veterans, or people
with disabilities to encourage private investment, to provide jobs for minority and low-income
persons, to create and strengthen minority business enterprises, and to promote economic
development in a low-income area.

Subd. 2.

Grant eligibilitydeleted text begin ; nonprofit corporationdeleted text end .

(a) The department may enter into
agreements with nonprofit corporationsnew text begin , Tribal economic development entities, and
community development financial institutionsnew text end to fund loans the nonprofit corporationnew text begin , Tribal
economic development entity, or community development financial institutionnew text end makes to
businesses owned by minority or low-income persons, women, veterans, or people with
disabilities. The department shall evaluate applications from nonprofit corporationsnew text begin , Tribal
economic development entities, and community development financial institutionsnew text end . In
evaluating applications, the department must consider, among other things, whether the
nonprofit corporationnew text begin , Tribal economic development entity, or community development
financial institutionnew text end :

(1) has a board of directors that includes citizens experienced in business and community
development, minority business enterprises, addressing racial income disparities, and creating
jobs for low-income and minority persons;

(2) has the technical skills to analyze projects;

(3) is familiar with other available public and private funding sources and economic
development programs;

(4) can initiate and implement economic development projects;

(5) can establish and administer a revolving loan account or has operated a revolving
loan account;

(6) can work with job referral networks which assist minority and low-income persons;
and

(7) has established relationships with minority communities.

(b) The department shall review existing agreements with nonprofit corporationsnew text begin , Tribal
economic development entities, and community development financial institutionsnew text end every
five years and may renew or terminate the agreement based on the review. In making its
review, the department shall consider, among other criteria, the criteria in paragraph (a).new text begin
The department shall open the program to new applicants every two years.
new text end

Subd. 3.

Revolving loan fund.

(a) The department shall establish a revolving loan fund
to make grants to nonprofit corporationsnew text begin , Tribal economic development entities, and
community development financial institutionsnew text end for the purpose of making loans to businesses
owned by minority or low-income persons, women, veterans, or people with disabilities,
and to support minority business enterprises and job creation for minority and low-income
persons.

(b) Nonprofit corporationsnew text begin , Tribal economic development entities, and community
development financial institutionsnew text end that receive grants from the department under the program
must establish a commissioner-certified revolving loan fund for the purpose of making
eligible loans.

(c) Eligible business enterprises include, but are not limited to, technologically innovative
industries, value-added manufacturing, and information industries.

(d) Loan applications given preliminary approval by the nonprofit corporationnew text begin , Tribal
economic development entity, or community development financial institutionnew text end must be
forwarded to the department deleted text begin for approvaldeleted text end . deleted text begin The commissioner must give final approval for
each loan made by the nonprofit corporation.deleted text end new text begin Nonprofit corporations, Tribal economic
development entities, and community development financial institutions designated as
preferred partners do not need final approval by the commissioner. All other loans must be
approved by the commissioner and the commissioner must make approval decisions within
20 days of receiving a loan application unless the application contains insufficient information
to make an approval decision. new text end The amount of the state funds contributed to any loan may
not exceed 50 percent of each loan.new text begin The commissioner must develop the criteria necessary
to receive loan forgiveness.
new text end

Subd. 4.

Business loan criteria.

(a) The criteria in this subdivision apply to loans made
by nonprofit corporationsnew text begin , Tribal economic development entities, and community
development financial institutionsnew text end under the program.

(b) Loans must be made to businesses that are not likely to undertake a project for which
loans are sought without assistance from the program.

(c) A loan must be used to support a business owned by a minority or a low-income
person, woman, veteran, or a person with disabilities. Priority must be given for loans to
the lowest income areas.

(d) The minimum state contribution to a loan is $5,000 and the maximum is $150,000.

(e) The state contribution must be matched by at least an equal amount of new private
investment.

(f) A loan may not be used for a retail development project.

(g) The business must agree to work with job referral networks that focus on minority
and low-income applicants.

(h) Up to ten percent of a loan's principal amount may be forgiven if deleted text begin the department
approves anddeleted text end the borrower has met lender new text begin and agency new text end criterianew text begin ,new text end including being current with
all paymentsnew text begin , for at least two yearsnew text end .new text begin The commissioner must develop the criteria for receiving
loan forgiveness.
new text end

Subd. 4a.

Microenterprise loan.

(a) Program grants may be used to make microenterprise
loans to small, beginning businesses, including a sole proprietorship. Microenterprise loans
are subject to this section except that:

(1) they may also be made to qualified retail businesses;

(2) they may be made for a minimum of $5,000 and a maximum of deleted text begin $35,000deleted text end new text begin $40,000new text end ;

(3) in a low-income area, they may be made for a minimum of $5,000 and a maximum
of deleted text begin $50,000deleted text end new text begin $55,000new text end ; and

(4) they do not require a match.

(b) Up to ten percent of a loan's principal amount may be forgiven if deleted text begin the department
approves anddeleted text end the borrower has met lender criterianew text begin ,new text end including being current with all paymentsnew text begin ,
for at least two yearsnew text end .

Subd. 5.

Revolving fund administration.

(a) The department shall establish a minimum
interest rate new text begin or fee new text end for loans or guarantees to ensure that necessary loan administration costs
are covered. The interest rate charged by a nonprofit corporationnew text begin , Tribal economic
development entity, or community development financial institutionnew text end for a loan under this
subdivision must not exceed the Wall Street Journal prime rate plus deleted text begin fourdeleted text end new text begin twonew text end percentnew text begin , with
a maximum rate of ten percentnew text end . For a loan under this subdivision, the nonprofit corporationnew text begin ,
Tribal economic development entity, or community development financial institutionnew text end may
charge a loan origination fee equal to or less than one percent of the loan value. The nonprofit
corporationnew text begin , Tribal economic development entity, or community development financial
institutionnew text end may retain the amount of the origination fee.

(b) Loan repayment of principal must be paid to the department for deposit in the
revolving loan fund. Loan interest payments must be deposited in a revolving loan fund
created by the nonprofit corporationnew text begin , Tribal economic development entity, or community
development financial institutionnew text end originating the loan being repaid for further distribution
or use, consistent with the criteria of this section.

(c) Administrative expenses of the nonprofit corporationsnew text begin , Tribal economic development
entities, and community development financial institutionsnew text end with whom the department enters
into agreements, including expenses incurred by a nonprofit corporationnew text begin , Tribal economic
development entity, or community development financial institutionnew text end in providing financial,
technical, managerial, and marketing assistance to a business enterprise receiving a loan
under subdivision 4, may be paid out of the interest earned on loans and out of interest
earned on money invested by the state Board of Investment under section 116M.16,
subdivision 2, as may be provided by the department.

new text begin (d) The department must provide the nonprofit corporation, Tribal economic development
entity, or community development financial institution making the loan with a fee equal to
one percent of the loan value for every loan closed to offset related expenses for loan
processing, loan servicing, legal filings, and reporting.
new text end

Subd. 7.

Cooperation.

A nonprofit corporationnew text begin , Tribal economic development entity,
or community development financial institutionnew text end that receives a program grant shall cooperate
with other organizations, including but not limited to, community development corporations,
community action agencies, and the Minnesota small business development centers.

Subd. 8.

Reporting requirements.

A nonprofit corporationnew text begin , Tribal economic
development entity, or community development financial institutionnew text end that receives a program
grant shall:

(1) submit an annual report to the department by February 15 of each year that includes
a description of businesses supported by the grant program, an account of loans made during
the calendar year, the program's impact on minority business enterprises and job creation
for minority persons and low-income persons, the source and amount of money collected
and distributed by the program, the program's assets and liabilities, and an explanation of
administrative expenses; and

(2) provide for an independent annual audit to be performed in accordance with generally
accepted accounting practices and auditing standards and submit a copy of each annual
audit report to the department.

Subd. 9.

Small business emergency loan account.

The small business emergency loan
account is created as an account in the special revenue fund.

Sec. 9.

new text begin [116U.255] EXPLORE MINNESOTA FILM.
new text end

new text begin Subdivision 1. new text end

new text begin Office established; director. new text end

new text begin (a) Explore Minnesota Film is established
as an office within Explore Minnesota.
new text end

new text begin (b) The director of Explore Minnesota shall appoint the director of Explore Minnesota
Film. The director of Explore Minnesota Film must be qualified by experience with issues
related to film and television production and economic development.
new text end

new text begin (c) The office may employ staff necessary to carry out the duties required in this section.
new text end

new text begin Subd. 2. new text end

new text begin Duties. new text end

new text begin The director of Explore Minnesota Film is authorized to:
new text end

new text begin (1) administer the film production jobs program and the film production credit program;
new text end

new text begin (2) promote Minnesota as a location for film and television production;
new text end

new text begin (3) assist in the establishment and implementation of programs related to film and
television production, including but not limited to permitting and workforce development;
new text end

new text begin (4) improve communication among local, state, federal, and private entities regarding
film and television production logistics and best practices;
new text end

new text begin (5) coordinate the development of statewide policies addressing film and television
production; and
new text end

new text begin (6) act as a liaison to production entities, workers, and state agencies.
new text end

Sec. 10.

Minnesota Statutes 2022, section 116U.26, is amended to read:

116U.26 FILM PRODUCTION JOBS PROGRAM.

(a) The film production jobs program is created. The program shall be operated by deleted text begin the
Minnesota Film and TV Boarddeleted text end new text begin Explore Minnesota Filmnew text end with administrative oversight and
control by the deleted text begin commissioner of employment and economic developmentdeleted text end new text begin director of Explore
Minnesotanew text end . The program shall make payment to producers of feature films, national television
or Internet programs, documentaries, music videos, and commercials that directly create
new film jobs in Minnesota. To be eligible for a payment, a producer must submit
documentation to deleted text begin the Minnesota Film and TV Boarddeleted text end new text begin Explore Minnesota Filmnew text end of expenditures
for production costs incurred in Minnesota that are directly attributable to the production
in Minnesota of a film product.

deleted text begin The Minnesota Film and TV Boarddeleted text end new text begin Explore Minnesota Filmnew text end shall make recommendations
to the deleted text begin commissioner of employment and economic developmentdeleted text end new text begin director of Explore
Minnesotanew text end about program payment, but the deleted text begin commissionerdeleted text end new text begin directornew text end has the authority to make
the final determination on payments. The deleted text begin commissioner'sdeleted text end new text begin director'snew text end determination must be
based on proper documentation of eligible production costs submitted for payments. No
more than five percent of the funds appropriated for the program in any year may be expended
for administration, including costs for independent audits and financial reviews of projects.

(b) For the purposes of this section:

(1) "production costs" means the cost of the following:

(i) a story and scenario to be used for a film;

(ii) salaries of talent, management, and labor, including payments to personal services
corporations for the services of a performing artist;

(iii) set construction and operations, wardrobe, accessories, and related services;

(iv) photography, sound synchronization, lighting, and related services;

(v) editing and related services;

(vi) rental of facilities and equipment;

(vii) other direct costs of producing the film in accordance with generally accepted
entertainment industry practice;

(viii) above-the-line talent fees for nonresident talent; or

(ix) costs incurred during postproduction; and

(2) "film" means a feature film, television or Internet pilot, program, series, documentary,
music video, or television commercial, whether on film, video, or digital media. Film does
not include news, current events, public programming, or a program that includes weather
or market reports; a talk show; a production with respect to a questionnaire or contest; a
sports event or sports activity; a gala presentation or awards show; a finished production
that solicits funds; or a production for which the production company is required under
United States Code, title 18, section 2257, to maintain records with respect to a performer
portrayed in a single-media or multimedia program.

(c) Notwithstanding any other law to the contrary, deleted text begin the Minnesota Film and TV Boarddeleted text end new text begin
Explore Minnesota Filmnew text end may make reimbursements of: (1) up to 25 percent of production
costs for films that locate production outside the metropolitan area, as defined in section
473.121, subdivision 2, or that incur a minimum Minnesota expenditure of $1,000,000 in
the metropolitan area within a 12-month period; or (2) up to 20 percent of production costs
for films that incur less than $1,000,000 in Minnesota production costs in the metropolitan
area within a 12-month period.

Sec. 11.

Minnesota Statutes 2023 Supplement, section 116U.27, subdivision 1, is amended
to read:

Subdivision 1.

Definitions.

(a) For purposes of this section, the following terms have
the meanings given.

(b) "Allocation certificate" means a certificate issued by the commissioner to a taxpayer
upon receipt and approval of an initial application for a credit for a project that has not yet
been completed.

deleted text begin (d) "Commissioner" means the commissioner of employment and economic development.
deleted text end

deleted text begin (e)deleted text end new text begin (d)new text end "Credit certificate" means a certificate issued by the commissioner upon receipt
and approval of the cost verification report in subdivision 4, paragraph (e).

new text begin (e) "Director" means the director of Explore Minnesota.
new text end

(f) "Eligible production costs" means eligible production costs as defined in section
116U.26, paragraph (b), clause (1), incurred in Minnesota that are directly attributable to
the production of a film project in Minnesota.

(g) "Film" has the meaning given in section 116U.26, paragraph (b), clause (2).

(h) "Project" means a film:

(1) that includes the promotion of Minnesota;

(2) for which the taxpayer has expended at least $1,000,000 in any consecutive 12-month
period beginning after expenditures are first paid in Minnesota for eligible production costs;
and

(3) to the extent practicable, that employs Minnesota residents.

new text begin Television commercials are exempt from the requirement under clause (1).
new text end

(i) "Promotion of Minnesota" or "promotion" means visible display of a static or animated
logo, approved by the deleted text begin commissioner and lasting approximately five secondsdeleted text end new text begin directornew text end , that
promotes Minnesota within its presentation in the end credits deleted text begin before the below-the-line crew
crawldeleted text end for the life of the project.

Sec. 12.

Minnesota Statutes 2023 Supplement, section 116U.27, subdivision 4, is amended
to read:

Subd. 4.

Applications; allocations.

(a) To qualify for a credit under this section, a
taxpayer must submit to the deleted text begin commissionerdeleted text end new text begin directornew text end an application for a credit in the form
prescribed by the deleted text begin commissionerdeleted text end new text begin directornew text end , in consultation with the commissioner of revenue.

(b) Upon approving an application for a credit that meets the requirements of this section,
the deleted text begin commissionerdeleted text end new text begin directornew text end shall issue allocation certificates that:

(1) verify eligibility for the credit;

(2) state the amount of credit anticipated for the eligible project, with the credit amount
up to 25 percent of eligible project costs; and

(3) state the taxable year in which the credit is allocated.

deleted text begin The commissioner must consult with the Minnesota Film and TV Board prior to issuing an
allocation certificate.
deleted text end

(c) The deleted text begin commissionerdeleted text end new text begin directornew text end must not issue allocation certificates for more than
$24,950,000 of credits each year. If the entire amount is not allocated in that taxable year,
any remaining amount is available for allocation for the four following taxable years until
the entire allocation has been made. The deleted text begin commissionerdeleted text end new text begin directornew text end must not award any credits
for taxable years beginning after December 31, 2030, and any unallocated amounts cancel
on that date.

(d) The deleted text begin commissionerdeleted text end new text begin directornew text end must allocate credits on a first-come, first-served basis.

(e) Upon completion of a project, the taxpayer shall submit to the deleted text begin commissionerdeleted text end new text begin directornew text end
a report prepared by an independent certified public accountant licensed in the state of
Minnesota to verify the amount of eligible production costs related to the project. The report
must be prepared in accordance with generally accepted accounting principles. Upon receipt
and approval of the cost verification report and other documents required by the
deleted text begin commissionerdeleted text end new text begin directornew text end , the deleted text begin commissionerdeleted text end new text begin directornew text end shall determine the final amount of eligible
production costs and issue a credit certificate to the taxpayer. The credit may not exceed
the anticipated credit amount on the allocation certificate. If the credit is less than the
anticipated amount on the allocation credit, the difference is returned to the amount available
for allocation under paragraph (c). To claim the credit under section 290.06, subdivision
39, or 297I.20, subdivision 4, a taxpayer must include a copy of the credit certificate as part
of the taxpayer's return.

Sec. 13.

Minnesota Statutes 2022, section 116U.27, subdivision 5, is amended to read:

Subd. 5.

Report required.

By January 15, 2025, the commissioner of revenue, in
consultation with the deleted text begin commissionerdeleted text end new text begin directornew text end , must provide a report to the chairs and ranking
minority members of the legislative committees with jurisdiction over economic development
and taxes. The report must comply with sections 3.195 and 3.197, and must detail the
following:

(1) the amount of credit certifications issued annually;

(2) the number of applications submitted, the number of allocation certificates issued,
the amount of allocation certificates issued, the number of reports submitted upon completion
of a project, and the number of credit certificates issued;

(3) the types of projects eligible for the credit;

(4) the total economic impact of the credit in Minnesota, including the calendar year
over calendar year percentage changes in the number of jobs held by Minnesota residents
in businesses having a primary North American Industry Classification System code of
512110 as reported to the commissioner, for calendar years 2019 through 2023;

(5) the number of taxpayers per tax type which are assignees of credit certificates under
subdivision 3;

(6) annual Minnesota taxes paid by businesses having a primary North American Industry
Classification System code of 512110, for taxable years beginning after December 31, 2018,
and before January 1, 2024; and

(7) any other information the commissioner of revenue, in consultation with the
deleted text begin commissionerdeleted text end new text begin directornew text end , deems necessary for purposes of claiming and administering the
credit.

Sec. 14.

Minnesota Statutes 2022, section 446A.072, subdivision 5a, is amended to read:

Subd. 5a.

Type and amount of assistance.

(a) For a governmental unit receiving grant
funding from the USDA/RECD, the authority may provide assistance in the form of a grant
of up to 65 percent of the eligible grant need determined by USDA/RECD. A governmental
unit may not receive a grant under this paragraph for more than deleted text begin $5,000,000deleted text end new text begin $10,000,000new text end
per project or $20,000 per existing connection, whichever is less, unless specifically approved
by law.

(b) For a governmental unit receiving a loan from the clean water revolving fund under
section 446A.07, the authority may provide assistance under this section in the form of a
grant if the average annual residential wastewater system cost after completion of the project
would otherwise exceed 1.4 percent of the median household income of the project service
area. In determining whether the average annual residential wastewater system cost would
exceed 1.4 percent, the authority must consider the total costs associated with building,
operating, and maintaining the wastewater system, including existing wastewater debt
service, debt service on the eligible project cost, and operation and maintenance costs. Debt
service costs for the proposed project are calculated based on the maximum loan term
permitted for the clean water revolving fund loan under section 446A.07, subdivision 7.
The amount of the grant is equal to 80 percent of the amount needed to reduce the average
annual residential wastewater system cost to 1.4 percent of median household income in
the project service area, to a maximum of deleted text begin $5,000,000deleted text end new text begin $10,000,000new text end per project or $20,000
per existing connection, whichever is less, unless specifically approved by law. The eligible
project cost is determined by multiplying the total project costs minus any other grants by
the essential project component percentage calculated under subdivision 3, paragraph (c),
clause (1). In no case may the amount of the grant exceed 80 percent of the eligible project
cost.

(c) For a governmental unit receiving a loan from the drinking water revolving fund
under section 446A.081, the authority may provide assistance under this section in the form
of a grant if the average annual residential drinking water system cost after completion of
the project would otherwise exceed 1.2 percent of the median household income of the
project service area. In determining whether the average annual residential drinking water
system cost would exceed 1.2 percent, the authority must consider the total costs associated
with building, operating, and maintaining the drinking water system, including existing
drinking water debt service, debt service on the eligible project cost, and operation and
maintenance costs. Debt service costs for the proposed project are calculated based on the
maximum loan term permitted for the drinking water revolving fund loan under section
446A.081, subdivision 8, paragraph (c). The amount of the grant is equal to 80 percent of
the amount needed to reduce the average annual residential drinking water system cost to
1.2 percent of median household income in the project service area, to a maximum of
deleted text begin $5,000,000deleted text end new text begin $10,000,000new text end per project or $20,000 per existing connection, whichever is less,
unless specifically approved by law. The eligible project cost is determined by multiplying
the total project costs minus any other grants by the essential project component percentage
calculated under subdivision 3, paragraph (c), clause (1). In no case may the amount of the
grant exceed 80 percent of the eligible project cost.

(d) Notwithstanding the limits in paragraphs (a), (b), and (c), for a governmental unit
receiving supplemental assistance under this section after January 1, 2002, if the authority
determines that the governmental unit's construction and installation costs are significantly
increased due to geological conditions of crystalline bedrock or karst areas and discharge
limits that are more stringent than secondary treatment, the maximum award under this
section shall not be more than $25,000 per existing connection.

Sec. 15.

Minnesota Statutes 2022, section 446A.073, subdivision 1, is amended to read:

Subdivision 1.

Program established.

When money is appropriated for grants under this
program, the authority shall award grants up to a maximum of deleted text begin $7,000,000deleted text end new text begin $12,000,000new text end to
governmental units to cover 80 percent of the cost of water infrastructure projects made
necessary by:

(1) a wasteload reduction prescribed under a total maximum daily load plan required by
section 303(d) of the federal Clean Water Act, United States Code, title 33, section 1313(d);

(2) a phosphorus concentration or mass limit which requires discharging one milligram
per liter or less at permitted design flow which is incorporated into a permit issued by the
Pollution Control Agency;

(3) any other water quality-based effluent limit established under section 115.03,
subdivision 1, paragraph (e), clause (8), and incorporated into a permit issued by the Pollution
Control Agency that exceeds secondary treatment limits; or

(4) a total nitrogen concentration or mass limit that requires discharging ten milligrams
per liter or less at permitted design flow.

Sec. 16.

Laws 2023, chapter 53, article 15, section 32, subdivision 6, is amended to read:

Subd. 6.

Administrative costs.

The commissioner of employment and economic
development may use up to one percent of the appropriation made for this section for
administrative expenses of the department.new text begin Of this amount, the Northland Foundation may
use up to five percent for administrative expenses.
new text end

Sec. 17.

Laws 2023, chapter 53, article 15, section 33, subdivision 4, is amended to read:

Subd. 4.

Loans to community businesses.

(a) A partner organization that receives a
grant under subdivision 3 shall establish a plan for making low-interest loans to community
businesses. The plan requires approval by the commissioner.

(b) Under the plan:

(1) the state contribution to each loan shall be no less than $50,000 and no more than
$500,000;

(2) loans shall be made for projects that are unlikely to be undertaken unless a loan is
received under the program;

(3) priority shall be given to loans to businesses in the lowest income areas;

(4) the new text begin fee or new text end interest rate on a loan shall not be higher than deleted text begin the Wall Street Journal prime
ratedeleted text end new text begin ten percentnew text end ;

(5) 50 percent of all repayments of principal on a loan under the program shall be used
to fund additional new text begin related new text end lending. The partner organization may retain the remainder of
loan repayments to service loans and provide further technical assistance;

(6) the partner organization may charge a loan origination fee of no more than one
percent of the loan value and may retain that origination fee; deleted text begin and
deleted text end

(7) a partner organization may not make a loan to a project in which it has an ownership
interestdeleted text begin .deleted text end new text begin ; and
new text end

new text begin (8) up to 15 percent of a loan's principal amount may be forgiven by the partner
organization if the borrower has met all lending criteria developed by the partner organization
and the commissioner, including creating or retaining jobs and being current with all loan
payments, for at least two years.
new text end

Sec. 18.

Laws 2023, chapter 53, article 15, section 33, subdivision 5, is amended to read:

Subd. 5.

Reports.

(a) The partner organization shall submit a report to the commissioner
by deleted text begin Januarydeleted text end new text begin Decembernew text end 31 of 2024, 2025, and 2026. The report shall include:

(1) an account of all loans made through the program the preceding calendar year and
the impact of those loans on community businesses and job creation for targeted groups;

(2) information on the source and amount of money collected and distributed under the
program, its assets and liabilities, and an explanation of administrative expenses; and

(3) an independent audit of grant funds performed in accordance with generally accepted
accounting practices and auditing standards.

(b) By February 15 of deleted text begin 2024,deleted text end 2025, deleted text begin anddeleted text end 2026,new text begin and 2027,new text end the commissioner shall submit
a report to the chairs and ranking minority members of the legislative committees with
jurisdiction over workforce and economic development on program outcomes, including
copies of all reports received under paragraph (a).

Sec. 19. new text begin BROOKLYN PARK BIOTECH INNOVATION DISTRICT.
new text end

new text begin Subdivision 1. new text end

new text begin Definitions. new text end

new text begin (a) For the purposes of this section, the following terms have
the meanings given.
new text end

new text begin (b) "Authority" means the Brooklyn Park Economic Development Authority.
new text end

new text begin (c) "Biotech innovation district" means a geographic area in the city identified in the
development plan.
new text end

new text begin (d) "City" means the city of Brooklyn Park.
new text end

new text begin (e) "Development plan" means the plan adopted under subdivision 2.
new text end

new text begin (f) "Project" means a project to implement the development plan.
new text end

new text begin (g) "Public infrastructure project" means a project financed at least partially with public
money to:
new text end

new text begin (1) acquire or remediate real property, including site improvement;
new text end

new text begin (2) demolish, repair, or rehabilitate buildings;
new text end

new text begin (3) install, construct, or reconstruct public infrastructure necessary for the biotech
innovation district;
new text end

new text begin (4) acquire, construct, reconstruct, develop, or equip parking facilities and other
transit-related facilities; and
new text end

new text begin (5) acquire, install, construct, reconstruct, develop, or equip recreational, social, cultural,
or tourism facilities.
new text end

new text begin Subd. 2. new text end

new text begin Development plan. new text end

new text begin (a) The authority must prepare a plan for the development
of a biotech innovation district within the city. At least 60 days prior to a hearing on adopting
the proposed development plan, the economic development authority must provide copies
of the proposed development plan to the city, which the city must make available to the
public in its offices and on the city's website. At least ten days before the hearing, the
authority must publish notice of the hearing in a newspaper selected by the city for
publication of the notice. At the hearing, the authority may only adopt the plan if it finds
that:
new text end

new text begin (1) the plan provides an outline for the development of the city as a site of biotech
innovation;
new text end

new text begin (2) the plan identifies the location of the proposed biotech innovation district;
new text end

new text begin (3) the plan is sufficiently complete, including the identification of planned and
anticipated projects, to indicate its relationship to definite state and local objectives;
new text end

new text begin (4) the proposed development affords maximum opportunity, consistent with the needs
of the city, county, and state, for the development of the city by private enterprise as a
biotech innovation district;
new text end

new text begin (5) the plan conforms to the general plan for the development of the city and is consistent
with the city comprehensive plan;
new text end

new text begin (6) the city has approved the plan; and
new text end

new text begin (7) the plan includes:
new text end

new text begin (i) strategic planning consistent with a biotech innovation district;
new text end

new text begin (ii) a framework to identify and prioritize short- and long-term public investment and
public infrastructure project development and to facilitate private investment and
development;
new text end

new text begin (iii) land use planning;
new text end

new text begin (iv) multimodal transportation planning;
new text end

new text begin (v) goals, objectives, and strategies to increase racial equity and to create community
wealth for city residents, local businesses, and businesses owned by women and people of
color, guided by the city's racial equity principles; and
new text end

new text begin (vi) ongoing market research plans.
new text end

new text begin (b) In identifying planned and anticipated projects under paragraph (a), clause (2), the
authority must prioritize projects that will pay a wage covering the cost of living for Hennepin
County, calculated using the most recent report completed pursuant to Minnesota Statutes,
section 116J.013.
new text end

new text begin (c) The city must adopt the development plan within 60 days following its adoption by
the authority and may incorporate the development plan into the city's comprehensive plan.
Minnesota Statutes, section 15.99, does not apply to review and approval of the development
plan.
new text end

new text begin (d) The authority may modify the development plan at any time and must modify the
plan at least once every five years. To modify the development plan, the authority must
follow the same procedures set out in paragraph (a) for the development plan.
new text end

new text begin (e) When preparing the proposed development plan, the authority must seek input from
the community and other partners such as biotech trade associations, the City of Brooklyn
Park Planning Commission, the City of Brooklyn Park Community Long-Range Improvement
Committee, skilled trades, and other regional partners.
new text end

new text begin Subd. 3. new text end

new text begin Special powers; requirements; limitations. new text end

new text begin (a) In implementing the
development plan, the city may exercise the powers of a port authority under Minnesota
Statutes, sections 469.048 to 469.068.
new text end

new text begin (b) The city must provide financial and administrative support to the authority and may
appropriate city funds to the authority for its work in developing and implementing the
development plan.
new text end

new text begin (c) The city may issue general obligation bonds, revenue bonds, or other obligations to
finance the development and implementation of the development project. Debt undertaken
pursuant to this paragraph is not subject to the net debt limit in Minnesota Statutes, section
475.53. Approval of the electors is not necessary to issue bonds or other obligations under
this paragraph. The city may pledge any of its revenues, including property taxes and state
aid issued pursuant to Minnesota Statutes, section 469.47, to the obligations issued pursuant
to this paragraph. The city must not issue obligations that are only payable from or secured
by state aid issued pursuant to Minnesota Statutes, section 469.47.
new text end

new text begin (d) Notwithstanding Minnesota Statutes, section 469.068, the city and its authority need
not require competitive bidding on a parking facility or other public improvement constructed
to implement the development plan.
new text end

new text begin (e) Except as otherwise specified, all activities to develop and implement the development
plan must comply with applicable state law and regulations and city ordinances, zoning,
and planning requirements.
new text end

new text begin Subd. 4. new text end

new text begin Report. new text end

new text begin Beginning in 2025, by February 15 of each year, the city and authority
must submit a joint report to the chairs and ranking minority members of the legislative
committees and divisions with jurisdiction over jobs and economic development. The report
must include:
new text end

new text begin (1) the development plan and any proposed changes to the development plan;
new text end

new text begin (2) information on the progress of projects identified in the development plan;
new text end

new text begin (3) costs and financing sources for the costs, including the amount paid with state aid
and local contributions of projects completed in the previous two years;
new text end

new text begin (4) estimated costs and financing sources for projects anticipated to start in the next two
years; and
new text end

new text begin (5) debt service schedules for all outstanding obligations of the city and authority for
debt issued for projects identified in the plan.
new text end

Sec. 20. new text begin REPEALER.
new text end

new text begin Minnesota Statutes 2022, section 116J.435, subdivision 5, new text end new text begin is repealed.
new text end

HF 3449

Bill Text Versions

Current Version - 1st Engrossment

ARTICLE 1

APPROPRIATIONS

Section 1.

Subdivision 1.

Total Appropriation

Sec. 2.

Subd. 2.

Business and Community Development

Sec. 3.

Sec. 3. EXPLORE MINNESOTA TOURISM

Sec. 4. new text begin APPROPRIATIONS.new text end

new text begin Subdivision 1. new text end

new text begin Department of Employment and Economic Development. new text end

new text begin Subd. 2. new text end

new text begin Explore Minnesota. new text end

Sec. 5. new text begin CANCELLATIONS OF PRIOR APPROPRIATIONS.new text end

ARTICLE 2

ECONOMIC DEVELOPMENT POLICY

Section 1.

Subd. 3.

Grant program established.

Sec. 2.

Subd. 4.

Application.

Sec. 3.

Subd. 2.

Membership.

Sec. 4.

Subdivision 1.

Definitions.

Sec. 5.

Subd. 3.

Small business assistance partnerships grants.

Sec. 6.

116J.8733 MINNESOTA EXPANDING OPPORTUNITY FUND PROGRAM.

Subdivision 1.

Establishment.

Subd. 2.

Long-term loans.

Subd. 3.

Loan eligibilitydeleted text begin ; nonprofit corporationdeleted text end .

Subd. 4.

Revolving loan fund.

Subd. 5.

Loan portfolio administration.

Subd. 6.

Cooperation.

Subd. 7.

Reporting requirements.

Sec. 7.

new text begin Subd. 10. new text end

new text begin Expiration. new text end

Sec. 8.

116M.18 MINNESOTA EMERGING ENTREPRENEUR PROGRAM.

Subdivision 1.

Establishment.

Subd. 1a.

Statewide loans.

Subd. 1b.

Grants.

Subd. 2.

Grant eligibilitydeleted text begin ; nonprofit corporationdeleted text end .

Subd. 3.

Revolving loan fund.

Subd. 4.

Business loan criteria.

Subd. 4a.

Microenterprise loan.

Subd. 5.

Revolving fund administration.

Subd. 7.

Cooperation.

Subd. 8.

Reporting requirements.

Subd. 9.

Small business emergency loan account.

Sec. 9.

Sec. 4. new text begin APPROPRIATIONS.
new text end

Sec. 5. new text begin CANCELLATIONS OF PRIOR APPROPRIATIONS.
new text end

new text begin [116U.255] EXPLORE MINNESOTA FILM.
new text end

Sec. 19. new text begin BROOKLYN PARK BIOTECH INNOVATION DISTRICT.
new text end

Sec. 20. new text begin REPEALER.
new text end