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Minnesota Legislature

Office of the Revisor of Statutes

SF 3738

as introduced - 90th Legislature (2017 - 2018) Posted on 03/23/2018 09:16am

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

A bill for an act
relating to economic development; appropriating money for a grant to African
Economic Development Solutions (AEDS).

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 $2,000,000 in fiscal year 2019 is appropriated from the general fund to the commissioner
of employment and economic development for a grant to African Economic Development
Solutions (AEDS) for a revolving loan fund and technical assistance services to support
new and existing African immigrant entrepreneurs in order to address pervasive economic
inequities. This is onetime appropriation. Of this amount:
new text end

new text begin (1) $1,500,000 is for a business revolving loan fund; and
new text end

new text begin (2) $500,000 is for technical assistance including, but not limited to, business
development, entrepreneur training, business technical assistance, loan packing, and
community development services.
new text end