1.1 	A bill for an act
1.2 	relating to economic development; appropriating money
1.3 	for the Riverbend Center for Entrepreneurial
1.4 	Facilitation.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. APPROPRIATION.
 1.7 	$17,500 in fiscal year 2006 and $17,500 in fiscal year 2007
1.8 	are appropriated from the general fund to the commissioner of
1.9 	employment and economic development for grants to the Riverbend
1.10 	Center for Entrepreneurial Facilitation in Blue Earth County.
1.11 	The grants must be used to continue a program to assist in the
1.12 	development of entrepreneurs and small businesses.  The grants
1.13 	must be provided on the condition that the funds be matched on a
1.14 	one-to-one basis from nonstate sources.  Any balance in the
1.15 	first year does not cancel but is available in the second year.

1.16 	Sec. 2. REPORTING.
 1.17 	Grant recipients must report to the commissioner by
1.18 	February 1 in each of the two years after the year of receipt of
1.19 	the grant.  The report must detail the number of customers
1.20 	served; the number of businesses started, stabilized, or
1.21 	expanded; the number of jobs created and retained; and business
1.22 	success rates.  The commissioner shall report to the legislature
1.23 	on the program's assistance to entrepreneurs and small
1.24 	businesses.  The report shall contain an evaluation of the
1.25 	results.