HF 3091

as introduced - 94th Legislature (2025 - 2026) Posted on 04/03/2025 02:40pm

A bill for an act
relating to economic development; appropriating money for grants to the cities of
St. Paul and West St. Paul for economic development and job retention efforts for
small businesses.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin APPROPRIATIONS.
new text end

new text begin (a) $3,000,000 in fiscal year 2026 is appropriated from the general fund to the
commissioner of employment and economic development for a grant to the city of St. Paul
to work in consultation with the West Side Community Organization on economic
development and job retention efforts for businesses employing the equivalent of ten or less
full-time employees. Grant money may be used for: technical assistance; establishing
revolving loan funds; issuing loans, including no interest and forgivable loans; and grants
to small businesses for operating expenses. This appropriation is available until June 30,
2027.
new text end

new text begin (b) $2,000,000 in fiscal year 2026 is appropriated from the general fund to the
commissioner of employment and economic development for a grant to the city of West
St. Paul to work in consultation with the Residents of Color Collective on economic
development and job retention efforts for businesses employing the equivalent of ten or less
full-time employees. Grant money may be used for: technical assistance; establishing
revolving loan funds; issuing loans, including no interest and forgivable loans; and grants
to small businesses for operating expenses. This appropriation is available until June 30,
2027.
new text end