SF 2870
Introduction - 89th Legislature (2015 - 2016)
Posted on 05/16/2016 04:35 p.m.
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A bill for an act
relating to economic development; appropriating money to African Economic
Development Solutions.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1. new text begin AFRICAN ECONOMIC DEVELOPMENT SOLUTIONS;
APPROPRIATION.
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$750,000 in fiscal year 2017 is appropriated from the general fund to the
commissioner of employment and economic development for a grant to African Economic
Development Solutions. This is a onetime appropriation. Of this amount:
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(1) $500,000 is for business revolving loan fund expansion; and
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(2) $250,000 is for technical assistance including, but not limited to, business
development, entrepreneur training, business consulting, homeownership education, and
loan packaging.
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