Minnesota Legislature
SF 4609
as introduced - 93rd Legislature (2023 - 2024) Posted on 04/03/2024 11:20am
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 for a grant to the
Entrepreneur Fund.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1. new text begin APPROPRIATION; ENTREPRENEUR FUND.
new text end
new text begin
$1,000,000 in fiscal year 2025 is appropriated from the general fund to the commissioner
of employment and economic development for a grant to the Entrepreneur Fund to capitalize
their revolving loan funds to address unmet financing needs in northeast Minnesota of
for-profit business startups, expansions, and ownership transitions. This is a onetime
appropriation.
new text end