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SF 2630

as introduced - 90th Legislature (2017 - 2018) Posted on 02/27/2018 08:24am

KEY: stricken = removed, old language.
underscored = added, new language.
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A bill for an act
 relating to economic development; appropriating money for the small business
development center program.

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

Section 1. new text begin SMALL BUSINESS DEVELOPMENT CENTERS; APPROPRIATION.
new text end

new text begin $1,350,000 in fiscal year 2018 is appropriated from the general fund to the commissioner
of employment and economic development for grants to small business development centers
under Minnesota Statutes, section 116J.68. Funds made available under this section may
be used to match funds under the federal Small Business Development Center (SBDC)
program under United States Code, title 15, section 648, provide consulting and technical
services, or to build additional SBDC network capacity to serve entrepreneurs and small
businesses. The commissioner shall allocate funds equally among the nine regional centers
and the lead center. This is a onetime appropriation and is available until June 30, 2019.
 new text end