Minnesota Legislature
SF 3166
as introduced - 92nd Legislature (2021 - 2022) Posted on 02/18/2022 08:30am
KEY: stricken = removed, old language.
underscored = added, new language.
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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 2023 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, 2024.
new text end