| 1 | 1 | | 1.1 A bill for an act |
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| 2 | 2 | | 1.2 relating to economic development; appropriating money for small business growth |
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| 3 | 3 | | 1.3 acceleration; requiring a report. |
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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; MADE IN MINNESOTA PROGRAM. |
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| 6 | 6 | | 1.6 $1,000,000 in fiscal year 2026 and $1,000,000 in fiscal year 2027 are appropriated from |
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| 7 | 7 | | 1.7the general fund to the commissioner of employment and economic development for a grant |
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| 8 | 8 | | 1.8to Enterprise Minnesota, Inc., to directly invest in Minnesota manufacturers under the Made |
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| 9 | 9 | | 1.9in Minnesota program under Minnesota Statutes, section 116O.115. |
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| 10 | 10 | | 1.10 Sec. 2. APPROPRIATION; ENTERPRISE MINNESOTA, INC. |
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| 11 | 11 | | 1.11 (a) $1,000,000 in fiscal year 2026 and $1,000,000 in fiscal year 2027 are appropriated |
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| 12 | 12 | | 1.12from the general fund to the commissioner of employment and economic development for |
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| 13 | 13 | | 1.13a grant to Enterprise Minnesota, Inc., to reach and deliver talent, leadership, employee |
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| 14 | 14 | | 1.14retention, continuous improvement, strategy, quality management systems, revenue growth, |
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| 15 | 15 | | 1.15and manufacturing peer-to-peer advisory services to small manufacturing companies |
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| 16 | 16 | | 1.16employing 250 or fewer full-time equivalent employees. |
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| 17 | 17 | | 1.17 (b) No later than February 1, 2026, and February 1, 2027, Enterprise Minnesota, Inc., |
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| 18 | 18 | | 1.18must provide a report to the chairs and ranking minority members of the legislative |
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| 19 | 19 | | 1.19committees with jurisdiction over economic development that includes: |
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| 20 | 20 | | 1.20 (1) the amount of money awarded during the past 12 months; |
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| 21 | 21 | | 1Sec. 2. |
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| 22 | 22 | | 25-01763 as introduced12/27/24 REVISOR SS/CH |
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| 23 | 23 | | SENATE |
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| 24 | 24 | | STATE OF MINNESOTA |
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| 25 | 25 | | S.F. No. 1453NINETY-FOURTH SESSION |
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| 26 | 26 | | (SENATE AUTHORS: PUTNAM) |
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| 27 | 27 | | OFFICIAL STATUSD-PGDATE |
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| 28 | 28 | | Introduction and first reading02/17/2025 |
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| 29 | 29 | | Referred to Jobs and Economic Development 2.1 (2) the estimated financial impact of the money awarded to each company receiving |
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| 30 | 30 | | 2.2service under the program; |
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| 31 | 31 | | 2.3 (3) the actual financial impact of the money awarded during the past 24 months; and |
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| 32 | 32 | | 2.4 (4) the total amount of federal money leveraged from the Manufacturing Extension |
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| 33 | 33 | | 2.5Partnership at the United States Department of Commerce. |
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| 34 | 34 | | 2.6 Sec. 3. REVISOR INSTRUCTION. |
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| 35 | 35 | | 2.7 The revisor of statutes shall change the term "small business growth acceleration program" |
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| 36 | 36 | | 2.8to "Made in Minnesota program" wherever it appears in Minnesota Statutes, section |
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| 37 | 37 | | 2.9116O.115. |
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| 38 | 38 | | 2Sec. 3. |
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| 39 | 39 | | 25-01763 as introduced12/27/24 REVISOR SS/CH |
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