1.1 	A bill for an act
1.2 	relating to economic development; appropriating money for a grant to the 
1.3 	Neighborhood Development Center.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. NEIGHBORHOOD DEVELOPMENT CENTER; APPROPRIATION.
 1.6 	(a) $3,750,000 in fiscal year 2022 and $750,000 in fiscal year 2023 are appropriated 
1.7 	from the general fund to the commissioner of employment and economic development for 
1.8 	grants to the Neighborhood Development Center.
1.9 	(b) Of the amount appropriated each year:
1.10 	(1) $600,000 is for small business programs including training, lending, business services, 
1.11 	and real estate and incubator programming; and
1.12 	(2) $150,000 is for outreach and training activities outside the seven-county metropolitan 
1.13 	area, as defined in Minnesota Statutes, section 473.121, subdivision 2. Funds under this 
1.14 	paragraph may be used for both existing and new programs.
1.15 	(c) Of the amount appropriated in fiscal year 2022, $3,000,000 is for high-touch, 
1.16 	high-risk, character-based loan capital as follows:
1.17 	(1) $1,000,000 for loan loss reserve to be used to leverage at least $5,000,000 in recourse 
1.18 	lending capital; and
1.19 	(2) $2,000,000 for flexible lending based on the most critical needs to make a business 
1.20 	whole or for larger capital requests.