1997 Minnesota Statutes

     116J.991 Public assistance to business; wage and job 
  requirements. 

    A business that receives state or local government 
 assistance for economic development or job growth purposes must 
 create a net increase in jobs in Minnesota within two years of 
 receiving the assistance. 

    The government agency providing the assistance must 
 establish wage level and job creation goals to be met by the 
 business receiving the assistance.  A business that fails to 
 meet the goals must repay the assistance to the government 
 agency. 

    Each government agency must report the wage and job goals 
 and the results for each project in achieving those goals to the 
 department of trade and economic development.  The department 
 shall compile and publish the results of the reports for the 
 previous calendar year by June 1 of each year.  The reports of 
 the agencies to the department and the compilation report of the 
 department shall be made available to the public. 

    For the purpose of this section, "assistance" means a grant 
 or loan in excess of $25,000 or tax increment financing. 

    HIST: 1995 c 224 s 58