Minnesota Legislature
SF 1987
as introduced - 93rd Legislature (2023 - 2024) Posted on 02/22/2023 08:42am
KEY: stricken = removed, old language.
underscored = added, new language.
Current Version - as introduced
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A bill for an act
relating to economic development; appropriating money to African Economic
Development Solutions for a loan fund.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1. new text begin AFRICAN ECONOMIC DEVELOPMENT SOLUTIONS;
APPROPRIATION.
new text end
new text begin
$3,000,000 in fiscal year 2024 is appropriated from the general fund to the commissioner
of employment and economic development for a grant to African Economic Development
Solutions for a loan fund that will address pervasive economic inequities by supporting
business ventures of entrepreneurs in the African immigrant community. This is a onetime
appropriation and is available until June 30, 2026.
new text end