SF 545

Introduction - 94th Legislature (2025 - 2026)

Posted on 04/10/2025 08:57 a.m.

A bill for an act
relating to capital investment; appropriating money for an entrepreneur innovation
center in the city of Minneapolis.

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

Section 1. new text begin NEIGHBORHOOD DEVELOPMENT CENTER.
new text end

new text begin $4,500,000 in fiscal year 2026 is appropriated from the general fund to the commissioner
of employment and economic development for a grant to the Neighborhood Development
Center to design, construct, furnish, and equip a new entrepreneur innovation center located
in the Lake Street Corridor in the city of Minneapolis. The new building shall include space
for entrepreneurs from low-income communities to develop and operate their businesses,
and may include a technology accelerator, a beauty, health, and wellness incubator with a
small-batch production kitchen, community event and meeting space, a food production
kitchen, and retail space. This appropriation is available until the project is completed or
abandoned, subject to Minnesota Statutes, section 16A.642. This is a onetime appropriation.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end