1.1 	A bill for an act
1.2 	relating to economic development; appropriating money for bioscience business 
1.3 	development programs.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. APPROPRIATION FOR BIOSCIENCE BUSINESS INITIATIVES.
 1.6 	$2,200,000 is appropriated in fiscal year 2008 from the general fund to the 
1.7 	commissioner of employment and economic development for a grant to BioBusiness 
1.8 	Alliance of Minnesota for bioscience business development programs to promote and 
1.9 	position the state as a global leader in bioscience business activities. Funds appropriated 
1.10 	under this section may be used for:
1.11 	(1) completion and periodic updating of a statewide bioscience business industry 
1.12 	assessment of business technology enterprises and Minnesota's competitive position 
1.13 	employing annual updates to federal industry classification data;
1.14 	(2) long-term strategic planning that includes projections of market changes 
1.15 	resulting from developments in biotechnology and the development of 20-year goals, 
1.16 	strategies and identified objectives for renewable energy, medical devices, biopharma, and 
1.17 	biologics business development in Minnesota;
1.18 	(3) the design and construction of a Minnesota focused bioscience business model to 
1.19 	test competing strategies and scenarios, evaluate options, and forecast outcomes; and
1.20 	(4) creation of a bioscience business resources network that includes development 
1.21 	of a statewide bioscience business economic development framework to encourage 
1.22 	bioscience business development and encourage spin-off activities, attract bioscience 
1.23 	business location or expansion in Minnesota, and establish a local capability to support 
1.24 	strategic system level planning for industry, government, and academia.
2.1 	This appropriation is available until June 30, 2009.