| 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 | | 25-04626 as introduced03/05/25 REVISOR SS/EN |
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| 24 | 24 | | SENATE |
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| 25 | 25 | | STATE OF MINNESOTA |
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| 26 | 26 | | S.F. No. 2427NINETY-FOURTH SESSION |
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| 27 | 27 | | (SENATE AUTHORS: CHAMPION) |
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| 28 | 28 | | OFFICIAL STATUSD-PGDATE |
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| 29 | 29 | | Introduction and first reading03/13/2025 |
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| 30 | 30 | | Referred to Jobs and Economic Development 2.1 (c) MNSBIR, Inc. shall use grant money to become the federal research and development |
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| 31 | 31 | | 2.2dedicated resource for Minnesota small businesses to support research and commercialization |
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| 32 | 32 | | 2.3of novel ideas, concepts, and projects to develop cutting-edge products and services for |
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| 33 | 33 | | 2.4worldwide economic impact. Grant money shall be used to: |
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| 34 | 34 | | 2.5 (1) assist startups and small businesses in securing federal research and development |
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| 35 | 35 | | 2.6funding including the small business innovation research and small business technology |
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| 36 | 36 | | 2.7transfer programs; |
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| 37 | 37 | | 2.8 (2) support technology transfer and commercialization from the University of Minnesota, |
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| 38 | 38 | | 2.9Mayo Clinic, and federal laboratories; |
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| 39 | 39 | | 2.10 (3) collaborate with corporate venture groups and large businesses nationally; |
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| 40 | 40 | | 2.11 (4) conduct statewide outreach, education, and training on federal rules, regulations, and |
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| 41 | 41 | | 2.12requirements; |
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| 42 | 42 | | 2.13 (5) assist with scientific and technical writing; |
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| 43 | 43 | | 2.14 (6) help manage federal grants and contracts; and |
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| 44 | 44 | | 2.15 (7) support cost accounting and federal sole-source procurement opportunities. |
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| 45 | 45 | | 2Section 1. |
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| 46 | 46 | | 25-04626 as introduced03/05/25 REVISOR SS/EN |
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