Minnesota 2025 2025-2026 Regular Session

Minnesota House Bill HF2518 Introduced / Bill

Filed 03/18/2025

                    1.1	A bill for an act​
1.2 relating to economic development; appropriating money for a grant to​
1.3 WomenVenture; requiring a report.​
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:​
1.5 Section 1. APPROPRIATION.​
1.6 (a) $8,000,000 in fiscal year 2026 is appropriated from the general fund to the​
1.7commissioner of employment and economic development for a grant to WomenVenture​
1.8to:​
1.9 (1) support child care providers through business training and shared services programs​
1.10and to create materials that may be used, at no cost to child care providers, for start-up,​
1.11expansion, and operation of child care businesses statewide, with the goal of helping new​
1.12and existing child care businesses in underserved areas of the state become profitable and​
1.13sustainable; and​
1.14 (2) support business expansion for women food entrepreneurs throughout Minnesota's​
1.15food supply chain to help stabilize and strengthen their business operations, create distribution​
1.16networks, offer technical assistance and support to women entrepreneurs in agribusiness,​
1.17develop business plans, develop a workforce, research expansion strategies, and for other​
1.18related activities.​
1.19 (b) Eligible uses of the money include but are not limited to:​
1.20 (1) leasehold improvements;​
1.21 (2) additions, alterations, remodeling, or renovations to rented space;​
1​Section 1.​
REVISOR SS/VJ 25-03598​02/14/25 ​
State of Minnesota​
This Document can be made available​
in alternative formats upon request​
HOUSE OF REPRESENTATIVES​
H. F. No.  2518​
NINETY-FOURTH SESSION​
Authored by Kotyza-Witthuhn, Baker, Greene, Gillman and Kozlowski​03/20/2025​
The bill was read for the first time and referred to the Committee on Workforce, Labor, and Economic Development Finance and Policy​ 2.1 (3) emergency grant funding for damage caused by natural disasters;​
2.2 (4) inventory or supplies;​
2.3 (5) machinery or equipment purchases;​
2.4 (6) working capital; and​
2.5 (7) debt refinancing.​
2.6 (c) Money distributed to entrepreneurs may be loans, forgivable loans, and grants. Of​
2.7this amount, up to five percent may be used for WomenVenture's technical assistance and​
2.8administrative costs. This is a onetime appropriation and is available until June 30, 2028.​
2.9 (d) By December 15, 2028, WomenVenture must submit a report to the chairs and​
2.10ranking minority members of the legislative committees with jurisdiction over agriculture​
2.11and employment and economic development. The report must include a summary of the​
2.12uses of the appropriation, including the amount of the appropriation used for administration.​
2.13The report must also provide a breakdown of the amount of funding used for loans, forgivable​
2.14loans, and grants; information about the terms of the loans issued; a discussion of how​
2.15money from repaid loans will be used; the number of entrepreneurs assisted; and a breakdown​
2.16of how many entrepreneurs received assistance in each county.​
2​Section 1.​
REVISOR SS/VJ 25-03598​02/14/25 ​