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HF 3216

as introduced - 86th Legislature (2009 - 2010) Posted on 03/01/2010 08:58am

KEY: stricken = removed, old language.
underscored = added, new language.

Bill Text Versions

Engrossments
Introduction Posted on 03/01/2010

Current Version - as introduced

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A bill for an act
relating to economic development; requiring a report; creating a fast-action
economic response team.

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

Section 1. new text beginREPORT ON AT-RISK BUSINESSES; CREATION OF FAST-ACTION
ECONOMIC RESPONSE TEAM.
new text end

new text begin Subdivision 1. new text end

new text begin Report to legislature. new text end

new text begin Not later than 30 days after the effective
date of this section, the commissioner of employment and economic development
shall submit to the chairs and ranking minority members of the senate and house of
representatives committees with primary jurisdiction over jobs and employment and
economic development a report that identifies retention methods the department currently
uses, and retention methods the department could use in the future, to identify businesses
at risk for relocation or expansion outside of this state. The report must also include a
proactive plan to identify businesses outside of this state that are seeking to relocate or
expand, or that could be encouraged to relocate or expand through the use of incentives.
In developing the plan, the commissioner shall collaborate with economic development
stakeholders from state government, business, and nongovernmental organizations.
new text end

new text begin Subd. 2. new text end

new text begin Response team. new text end

new text begin (a) The Department of Employment and Economic
Development shall establish a fast-action economic response team to contact and work
with businesses that are identified as being:
new text end

new text begin (1) at risk for relocating or expanding outside the state; or
new text end

new text begin (2) prospects for expansion or relocation within the state.
new text end

new text begin (b) The fast-action response team must contact identified businesses within 24 hours.
new text end

Sec. 2. new text beginEFFECTIVE DATE.
new text end

new text begin Section 1 is effective the day following final enactment.
new text end