SF 1453

Introduction - 94th Legislature (2025 - 2026)

Posted on 07/02/2025 09:47 a.m.

A bill for an act
relating to economic development; appropriating money for small business growth
acceleration; requiring a report.

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

Section 1. new text begin APPROPRIATION; MADE IN MINNESOTA PROGRAM.
new text end

new text begin $1,000,000 in fiscal year 2026 and $1,000,000 in fiscal year 2027 are appropriated from
the general fund to the commissioner of employment and economic development for a grant
to Enterprise Minnesota, Inc., to directly invest in Minnesota manufacturers under the Made
in Minnesota program under Minnesota Statutes, section 116O.115.
new text end

Sec. 2. new text begin APPROPRIATION; ENTERPRISE MINNESOTA, INC.
new text end

new text begin (a) $1,000,000 in fiscal year 2026 and $1,000,000 in fiscal year 2027 are appropriated
from the general fund to the commissioner of employment and economic development 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 250 or fewer full-time equivalent employees.
new text end

new text begin (b) No later than February 1, 2026, and February 1, 2027, 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:
new text end

new text begin (1) the amount of money awarded during the past 12 months;
new text end

new text begin (2) the estimated financial impact of the money awarded to each company receiving
service under the program;
new text end

new text begin (3) the actual financial impact of the money awarded during the past 24 months; and
new text end

new text begin (4) the total amount of federal money leveraged from the Manufacturing Extension
Partnership at the United States Department of Commerce.
new text end

Sec. 3. new text begin REVISOR INSTRUCTION.
new text end

new text begin The revisor of statutes shall change the term "small business growth acceleration program"
to "Made in Minnesota program" wherever it appears in Minnesota Statutes, section
116O.115.
new text end