1.1 	A bill for an act
1.2 	relating to economic development; appropriating money for a grant to African 
1.3 	Economic Development Solutions (AEDS).
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. APPROPRIATION; AFRICAN ECONOMIC DEVELOPMENT 
1.6 	SOLUTIONS.
 1.7 	$2,000,000 in fiscal year 2020 is appropriated from the general fund to the commissioner 
1.8 	of employment and economic development for a grant to African Economic Development 
1.9 	Solutions (AEDS) for a revolving loan fund and technical assistance services to support 
1.10 	new and existing African immigrant entrepreneurs in order to address pervasive economic 
1.11 	inequities. This is a onetime appropriation. Of this amount:
1.12 	(1) $1,500,000 is for creation of a business revolving loan fund; and
1.13 	(2) $500,000 is for technical assistance including but not limited to business development, 
1.14 	entrepreneur training, business technical assistance, loan packing, and community 
1.15 	development services.