SF 2751

1st Engrossment - 86th Legislature (2009 - 2010) Posted on 03/08/2010 11:46am

A bill for an act
relating to economic development; requiring a report; creating a fast-action
economic response team; proposing coding for new law in Minnesota Statutes,
chapter 116J.

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

Section 1.

new text begin [116J.872] RESPONSE TEAM.
new text end

new text begin (a) The department shall operate a fast-action economic response team to contact
and work with businesses that are identified as being:
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new text begin (1) at risk for relocating or expanding outside the state; or
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new text begin (2) prospects for expansion or relocation within the state.
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new text begin (b) The fast-action response team must contact identified businesses within 24 hours.
new text end

Sec. 2. new text begin REPORT ON AT-RISK BUSINESSES; CREATION OF FAST-ACTION
ECONOMIC RESPONSE TEAM.
new text end

new text begin Not later than 30 days after the effective date of this section, the commissioner of
employment and economic development shall submit to the chairs and ranking minority
members of the senate and house of representatives committees with primary jurisdiction
over jobs and employment and economic development a report that identifies retention
methods the department currently uses, and retention methods the department could use
in the future, to identify businesses at risk for relocation or expansion outside of this
state. The report must also include a proactive plan to identify businesses outside of
this state that are seeking to relocate or expand, or that could be encouraged to relocate
or expand through the use of incentives. In developing the plan, the commissioner shall
collaborate with economic development stakeholders from state government, business,
and nongovernmental organizations.
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Sec. 3. new text begin EFFECTIVE DATE.
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new text begin Section 2 is effective the day following final enactment.
new text end