as introduced - 88th Legislature (2013 - 2014) Posted on 02/25/2014 01:49pm
A bill for an act
relating to economic development; providing for capital improvements to small
business incubators; establishing a neighborhood development center small
business incubator revolving fund; appropriating money.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$950,000 is appropriated in fiscal year 2015 from the general fund to the
commissioner of employment and economic development for a grant to the neighborhood
development center for the small business incubator program. Of this amount, $400,000 is
for capital improvements to existing small business incubators; $300,000 is for technical
assistance to business entities operating within a small business incubator; and $250,000
is for the creation and operation of a small business incubator revolving fund to assist in
the acquisition and development of property for additional small business incubators. This
is a onetime appropriation and is available until expended.
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