1.1 A bill for an act
1.2 relating to economic development; appropriating money for grants to the cities of
1.3 St. Paul and West St. Paul for economic development and job retention efforts for
1.4 small businesses.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. APPROPRIATIONS.
1.7 (a) $3,000,000 in fiscal year 2026 is appropriated from the general fund to the
1.8commissioner of employment and economic development for a grant to the city of St. Paul
1.9to work in consultation with the West Side Community Organization on economic
1.10development and job retention efforts for businesses employing the equivalent of ten or less
1.11full-time employees. Grant money may be used for: technical assistance; establishing
1.12revolving loan funds; issuing loans, including no interest and forgivable loans; and grants
1.13to small businesses for operating expenses. This appropriation is available until June 30,
1.142027.
1.15 (b) $2,000,000 in fiscal year 2026 is appropriated from the general fund to the
1.16commissioner of employment and economic development for a grant to the city of West
1.17St. Paul to work in consultation with the Residents of Color Collective on economic
1.18development and job retention efforts for businesses employing the equivalent of ten or less
1.19full-time employees. Grant money may be used for: technical assistance; establishing
1.20revolving loan funds; issuing loans, including no interest and forgivable loans; and grants
1.21to small businesses for operating expenses. This appropriation is available until June 30,
1.222027.
1Section 1.
25-04976 as introduced03/17/25 REVISOR SS/CH
SENATE
STATE OF MINNESOTA
S.F. No. 3357NINETY-FOURTH SESSION
(SENATE AUTHORS: PAPPAS)
OFFICIAL STATUSD-PGDATE
Introduction and first reading04/09/2025
Referred to Jobs and Economic Development