1.1 A bill for an act
1.2 relating to taxation; aids to local governments; extending the availability of an
1.3 appropriation; amending Laws 2023, chapter 64, article 15, section 30.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. Laws 2023, chapter 64, article 15, section 30, is amended to read:
1.6 Sec. 30. APPROPRIATION; CITY OF MINNEAPOLIS; GRANT.
1.7 (a) $10,000,000 in fiscal year 2024 is appropriated from the general fund to the
1.8commissioner of employment and economic development for a grant to the city of
1.9Minneapolis. This is a onetime appropriation. The grant must be paid by July 15, 2023. The
1.10city of Minneapolis may use up to one percent of the grant for administrative costs. This
1.11appropriation is available until June 30, 2027.
1.12 (b) Of the amount granted to the city of Minneapolis under paragraph (a), $8,000,000
1.13must be used for a grant to a foundation that provides business advising, branding and
1.14marketing support, and real estate consulting to businesses located on Lake Street in
1.15Minneapolis, between 30th Avenue South and Nicollet Avenue. The organization must use
1.16the funds for direct business support or direct corridor support, including assistance with
1.17marketing, placemaking, and public relations services.
1.18 (c) Of the amount granted to the city of Minneapolis under paragraph (a), $2,000,000
1.19must be used for property acquisition in the city of Minneapolis at 1860 28th Street East
1.20and 2717 Longfellow Avenue.
1.21 EFFECTIVE DATE.This section is effective the day following final enactment.
1Section 1.
REVISOR MS/CH 25-0533103/31/25
State of Minnesota
This Document can be made available
in alternative formats upon request
HOUSE OF REPRESENTATIVES
H. F. No. 3079
NINETY-FOURTH SESSION
Authored by Gomez04/02/2025
The bill was read for the first time and referred to the Committee on Workforce, Labor, and Economic Development Finance and Policy