HF 4773

as introduced - 93rd Legislature (2023 - 2024) Posted on 03/20/2024 01:24pm

A bill for an act
relating to economic development; appropriating money for a grant to the Coalition
of Asian American Leaders.

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

Section 1. new text begin APPROPRIATION; COALITION OF ASIAN AMERICAN LEADERS.
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 Coalition of Asian American
Leaders to support Asian Minnesotan women to start, manage, and grow micro and small
businesses. Grant proceeds must be used to support outreach, training, and peer network
development; direct financial assistance for Asian Minnesotan women entrepreneurs; and
provide technical assistance to gain financial literacy skills, identify and connect individuals
to sources of private capital, and navigate state and federal programs to support small
business development. This is a onetime appropriation and is available until June 30, 2026.
new text end