1.1 	A bill for an act
1.2 	relating to economic development; providing for capital improvements to small 
1.3 	business incubators; establishing a neighborhood development center small 
1.4 	business incubator revolving fund; appropriating money.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. NEIGHBORHOOD DEVELOPMENT CENTER APPROPRIATION.
 1.7 	$950,000 is appropriated in fiscal year 2015 from the general fund to the 
1.8 	commissioner of employment and economic development for a grant to the neighborhood 
1.9 	development center for the small business incubator program. Of this amount, $400,000 is 
1.10 	for capital improvements to existing small business incubators; $300,000 is for technical 
1.11 	assistance to business entities operating within a small business incubator; and $250,000 
1.12 	is for the creation and operation of a small business incubator revolving fund to assist in 
1.13 	the acquisition and development of property for additional small business incubators. This 
1.14 	is a onetime appropriation and is available until expended.