1.1 	A bill for an act
1.2 	relating to economic development; excluding certain financial assistance projects 
1.3 	from economic development prevailing wage requirements;amending Minnesota 
1.4 	Statutes 2018, section 116J.871, subdivision 1.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. Minnesota Statutes 2018, section 116J.871, subdivision 1, is amended to read:
1.7 		Subdivision 1.Definitions. (a) For the purposes of this section, the following terms have 
1.8 	the meanings given them.
1.9 	(b) "Economic development" means financial assistance provided to a person directly 
1.10 	or to a local unit of government or nonprofit organization on behalf of a person who is 
1.11 	engaged in the manufacture or sale of goods and services. Economic development does not 
1.12 	include: (1) financial assistance for rehabilitation of existing housing or; (2) financial 
1.13 	assistance for new housing construction in which total financial assistance at a single project 
1.14 	site is less than $100,000; or (3) financial assistance for new affordable housing construction 
1.15 	of a multifamily residential structure with four dwelling units or fewer.
1.16 	(c) "Financial assistance" means (1) a grant awarded by a state agency for economic 
1.17 	development related purposes if a single business receives $200,000 or more of the grant 
1.18 	proceeds; (2) a loan or the guaranty or purchase of a loan made by a state agency for 
1.19 	economic development related purposes if a single business receives $500,000 or more of 
1.20 	the loan proceeds; or (3) a reduction, credit, or abatement of a tax assessed under chapter 
1.21 	297A where the tax reduction, credit, or abatement applies to a geographic area smaller 
1.22 	than the entire state and was granted for economic development related purposes. Financial 
2.1 	assistance does not include payments by the state of aids and credits under chapter 273 or 
2.2 	477A to a political subdivision.
2.3 	(d) "Project site" means the location where improvements are made that are financed in 
2.4 	whole or in part by the financial assistance; or the location of employees that receive financial 
2.5 	assistance in the form of employment and training services as defined in section 116L.19, 
2.6 	subdivision 4, or customized training from a technical college.
2.7 	(e) "State agency" means any agency defined under section 16B.01, subdivision 2, 
2.8 	Enterprise Minnesota, Inc., and the Iron Range Resources and Rehabilitation Board.