| 1 | 1 | | 1.1 A bill for an act |
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| 2 | 2 | | 1.2 relating to economic development; appropriating money for a grant to MNSBIR, |
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| 3 | 3 | | 1.3 Inc. |
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| 4 | 4 | | 1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: |
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| 5 | 5 | | 1.5 Section 1. APPROPRIATION; ASSISTANCE TO MINNESOTA SMALL |
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| 6 | 6 | | 1.6BUSINESSES TO SECURE FEDERAL RESEARCH AND DEVELOPMENT |
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| 7 | 7 | | 1.7FUNDING. |
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| 8 | 8 | | 1.8 (a) $5,000,000 in fiscal year 2026 is appropriated from the general fund to the |
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| 9 | 9 | | 1.9commissioner of employment and economic development for a grant to MNSBIR, Inc., for |
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| 10 | 10 | | 1.10support of the small business research and development goals provided in Minnesota Statutes, |
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| 11 | 11 | | 1.11section 3.222. This appropriation is onetime and is available until June 30, 2027. |
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| 12 | 12 | | 1.12 (b) The purpose of the grant is to support moving scientific excellence and technological |
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| 13 | 13 | | 1.13innovation from the lab to the market for startups and small businesses by: |
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| 14 | 14 | | 1.14 (1) securing federal research and development funding to build a strong innovation |
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| 15 | 15 | | 1.15economy and stimulate the creation of novel products, services, and solutions; |
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| 16 | 16 | | 1.16 (2) strengthening the role of startups and small businesses in meeting federal research |
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| 17 | 17 | | 1.17and development needs; |
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| 18 | 18 | | 1.18 (3) increasing the commercial application of federally supported research results; and |
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| 19 | 19 | | 1.19 (4) developing and increasing the Minnesota workforce, especially by fostering and |
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| 20 | 20 | | 1.20encouraging participation by small businesses owned by people who are Black, Indigenous, |
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| 21 | 21 | | 1.21People of Color, and women. |
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| 22 | 22 | | 1Section 1. |
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| 23 | 23 | | REVISOR SS/EN 25-0462603/05/25 |
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| 24 | 24 | | State of Minnesota |
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| 25 | 25 | | This Document can be made available |
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| 26 | 26 | | in alternative formats upon request |
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| 27 | 27 | | HOUSE OF REPRESENTATIVES |
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| 28 | 28 | | H. F. No. 2920 |
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| 29 | 29 | | NINETY-FOURTH SESSION |
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| 30 | 30 | | Authored by Hanson, J.,03/27/2025 |
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| 31 | 31 | | The bill was read for the first time and referred to the Committee on Workforce, Labor, and Economic Development Finance and Policy 2.1 (c) MNSBIR, Inc. shall use grant money to become the federal research and development |
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| 32 | 32 | | 2.2dedicated resource for Minnesota small businesses to support research and commercialization |
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| 33 | 33 | | 2.3of novel ideas, concepts, and projects to develop cutting-edge products and services for |
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| 34 | 34 | | 2.4worldwide economic impact. Grant money shall be used to: |
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| 35 | 35 | | 2.5 (1) assist startups and small businesses in securing federal research and development |
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| 36 | 36 | | 2.6funding including the small business innovation research and small business technology |
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| 37 | 37 | | 2.7transfer programs; |
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| 38 | 38 | | 2.8 (2) support technology transfer and commercialization from the University of Minnesota, |
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| 39 | 39 | | 2.9Mayo Clinic, and federal laboratories; |
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| 40 | 40 | | 2.10 (3) collaborate with corporate venture groups and large businesses nationally; |
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| 41 | 41 | | 2.11 (4) conduct statewide outreach, education, and training on federal rules, regulations, and |
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| 42 | 42 | | 2.12requirements; |
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| 43 | 43 | | 2.13 (5) assist with scientific and technical writing; |
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| 44 | 44 | | 2.14 (6) help manage federal grants and contracts; and |
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| 45 | 45 | | 2.15 (7) support cost accounting and federal sole-source procurement opportunities. |
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| 46 | 46 | | 2Section 1. |
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| 47 | 47 | | REVISOR SS/EN 25-0462603/05/25 |
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