Minnesota 2023-2024 Regular Session

Minnesota Senate Bill SF968

Introduced
1/30/23  

Caption

Greater Minnesota business development public infrastructure grant program appropriation

Impact

If implemented, SF968 will have a direct impact on state funding allocated for economic development initiatives, particularly those targeting lesser-populated areas. By focusing on public infrastructure improvements, the bill promises to strengthen the foundation upon which local businesses operate, potentially leading to job creation, increased investment, and economic revitalization of rural communities. The infusion of financial resources into these regions aims to address the disparity in economic growth between urban and rural areas of Minnesota.

Summary

SF968 aims to promote economic development in Greater Minnesota by appropriating funds for the Greater Minnesota business development public infrastructure grant program. This program is designed to support local businesses by providing financial assistance to enhance public infrastructure necessary for their operation and growth. Specifically, the bill allocates $2.5 million for fiscal years 2024 and 2025, which can be used for projects that improve the public infrastructure essential for business development in these areas.

Contention

While SF968 is largely focused on fostering economic growth, there could be contentious discussions regarding the distribution of these funds and the accountability of the projects funded. Some lawmakers may question how the appropriated funds will be tracked, what criteria will be used for project selection, and whether this targeted assistance will truly benefit the communities intended. There may be concerns regarding equity in funding distribution and potential favoritism in awarding grants, which could lead to debates among legislators about the program's design and oversight mechanisms.

Companion Bills

MN HF1287

Similar To Greater Minnesota business development public infrastructure grant program funding provided, and money appropriated.

Previously Filed As

MN SF582

Greater Minnesota business development public infrastructure grant program appropriation

MN SF969

Greater Minnesota business development public infrastructure grant program bond issue and appropriation

MN SF584

Greater Minnesota business development public infrastructure grant program bond issue and appropriation

MN HF1287

Greater Minnesota business development public infrastructure grant program funding provided, and money appropriated.

MN HF335

Greater Minnesota business development public infrastructure grant program funding provided, and money appropriated.

MN SF237

Greater Minnesota business development public infrastructure grant program expansion

MN SF1785

Greater Minnesota business development public infrastructure grant program expansion

MN HF1286

Greater Minnesota business development public infrastructure grant program funding provided, bonds issued, and money appropriated.

MN HF334

Greater Minnesota business development public infrastructure grant program funding provided, bonds issued, and money appropriated.

MN SF1227

Greater Minnesota Senior Housing Infrastructure Grant Program establishment and appropriation

Similar Bills

No similar bills found.