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SF 861

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/26/2021 10:10am

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

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 1.11 1.12 1.13 1.14 1.15 1.16

A bill for an act
relating to economic development; providing for a grant to African Economic
Development Solutions.

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

Section 1. new text beginAPPROPRIATION; AFRICAN ECONOMIC DEVELOPMENT
SOLUTIONS.
new text end

new text begin $4,000,000 in fiscal year 2022 is appropriated from the general fund to the commissioner
of employment and economic development for a grant to African Economic Development
Solutions for building construction that supports business incubation and workforce
development and technical assistance to support new and existing African immigrant
entrepreneurs aimed at addressing pervasive economic inequities. This is a onetime
appropriation and is available until June 30, 2023. Of this amount:
new text end

new text begin (1) $3,000,000 is for building construction; and
new text end

new text begin (2) $1,000,000 is for workforce development and technical assistance, including but not
limited to business development, entrepreneur training, business technical assistance, loan
packing, and community development services.
new text end