Minnesota 2025 2025-2026 Regular Session

Minnesota House Bill HF510 Introduced / Bill

Filed 02/11/2025

                    1.1	A bill for an act​
1.2 relating to economic development; appropriating money for small business growth​
1.3 acceleration; requiring a report.​
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:​
1.5 Section 1. APPROPRIATION; MADE IN MINNESOTA PROGRAM.​
1.6 $1,000,000 in fiscal year 2026 and $1,000,000 in fiscal year 2027 are appropriated from​
1.7the general fund to the commissioner of employment and economic development for a grant​
1.8to Enterprise Minnesota, Inc., to directly invest in Minnesota manufacturers under the Made​
1.9in Minnesota program under Minnesota Statutes, section 116O.115.​
1.10 Sec. 2. APPROPRIATION; ENTERPRISE MINNESOTA, INC.​
1.11 (a) $1,000,000 in fiscal year 2026 and $1,000,000 in fiscal year 2027 are appropriated​
1.12from the general fund to the commissioner of employment and economic development for​
1.13a grant to Enterprise Minnesota, Inc., to reach and deliver talent, leadership, employee​
1.14retention, continuous improvement, strategy, quality management systems, revenue growth,​
1.15and manufacturing peer-to-peer advisory services to small manufacturing companies​
1.16employing 250 or fewer full-time equivalent employees.​
1.17 (b) No later than February 1, 2026, and February 1, 2027, Enterprise Minnesota, Inc.,​
1.18must provide a report to the chairs and ranking minority members of the legislative​
1.19committees with jurisdiction over economic development that includes:​
1.20 (1) the amount of money awarded during the past 12 months;​
1​Sec. 2.​
REVISOR SS/CH 25-03488​02/07/25 ​
State of Minnesota​
This Document can be made available​
in alternative formats upon request​
HOUSE OF REPRESENTATIVES​
H. F. No.  510​
NINETY-FOURTH SESSION​
Authored by Koznick, Kozlowski and Baker​02/13/2025​
The bill was read for the first time and referred to the Committee on Workforce, Labor, and Economic Development Finance and Policy​ 2.1 (2) the estimated financial impact of the money awarded to each company receiving​
2.2service under the program;​
2.3 (3) the actual financial impact of the money awarded during the past 24 months; and​
2.4 (4) the total amount of federal money leveraged from the Manufacturing Extension​
2.5Partnership at the United States Department of Commerce.​
2.6 Sec. 3. REVISOR INSTRUCTION.​
2.7 The revisor of statutes shall change the term "small business growth acceleration program"​
2.8to "Made in Minnesota program" wherever it appears in Minnesota Statutes, section​
2.9116O.115.​
2​Sec. 3.​
REVISOR SS/CH 25-03488​02/07/25 ​