1.1 	A bill for an act
1.2 	relating to economic development; appropriating money for a grant to design a 
1.3 	new entrepreneur innovation center.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. TARGETED COMMUNITY CAPITAL PROJECT GRANT PROGRAM; 
1.6 	APPROPRIATIONS.
 1.7 	(a) $....... in fiscal year 2025 is appropriated from the general fund to the commissioner 
1.8 	of employment and economic development for the targeted community capital project grant 
1.9 	program under Minnesota Statutes, section 116J.9924.
1.10 	(b) Notwithstanding Minnesota Statutes, section 116J.9924, subdivision 4, of the amount 
1.11 	in paragraph (a), $10,000,000 is for a grant to the Neighborhood Development Center to 
1.12 	design, predesign, construct, furnish, and equip a new entrepreneur innovation center located 
1.13 	in the Lake Street Corridor in the city of Minneapolis. The new building shall include space 
1.14 	for entrepreneurs from low-income communities to develop and operate their businesses, 
1.15 	and may include production kitchens, lab space, a media and marketing center, administrative 
1.16 	offices, industrial technology space, and event space. This appropriation is available until 
1.17 	the project is completed or abandoned, subject to Minnesota Statutes, section 16A.642.