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HF 4532

as introduced - 93rd Legislature (2023 - 2024) Posted on 05/20/2024 12:37pm

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

Bill Text Versions

Engrossments
Introduction Posted on 03/01/2024

Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4
1.5 1.6 1.7 1.8 1.9 1.10

A bill for an act
relating to economic development; appropriating money for a grant to the
Entrepreneur Fund.

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

Section 1. new text begin APPROPRIATION; ENTREPRENEUR FUND.
new text end

new text begin $1,000,000 in fiscal year 2025 is appropriated from the general fund to the commissioner
of employment and economic development for a grant to the Entrepreneur Fund to capitalize
their revolving loan funds to address unmet financing needs in northeast Minnesota of
for-profit business startups, expansions, and ownership transitions. This is a onetime
appropriation.
new text end