HF 3079

as introduced - 94th Legislature (2025 - 2026) Posted on 04/02/2025 11:25am

A bill for an act
relating to taxation; aids to local governments; extending the availability of an
appropriation; amending Laws 2023, chapter 64, article 15, section 30.

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

Section 1.

Laws 2023, chapter 64, article 15, section 30, is amended to read:

Sec. 30. APPROPRIATION; CITY OF MINNEAPOLIS; GRANT.

(a) $10,000,000 in fiscal year 2024 is appropriated from the general fund to the
commissioner of employment and economic development for a grant to the city of
Minneapolis. This is a onetime appropriation. deleted text begin The grant must be paid by July 15, 2023. deleted text end The
city of Minneapolis may use up to one percent of the grant for administrative costs. new text begin This
appropriation is available until June 30, 2027.
new text end

(b) Of the amount granted to the city of Minneapolis under paragraph (a), $8,000,000
must be used for a grant to a foundation that provides business advising, branding and
marketing support, and real estate consulting to businesses located on Lake Street in
Minneapolis, between 30th Avenue South and Nicollet Avenue. The organization must use
the funds for direct business support or direct corridor support, including assistance with
marketing, placemaking, and public relations services.

(c) Of the amount granted to the city of Minneapolis under paragraph (a), $2,000,000
must be used for property acquisition in the city of Minneapolis at 1860 28th Street East
and 2717 Longfellow Avenue.

new text begin EFFECTIVE DATE. new text end

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