1.1 A bill for an act
1.2 relating to capital investment; appropriating money for an entrepreneur innovation
1.3 center in the city of Minneapolis.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. NEIGHBORHOOD DEVELOPMENT CENTER.
1.6 $4,500,000 in fiscal year 2026 is appropriated from the general fund to the commissioner
1.7of employment and economic development for a grant to the Neighborhood Development
1.8Center to design, construct, furnish, and equip a new entrepreneur innovation center located
1.9in the Lake Street Corridor in the city of Minneapolis. The new building shall include space
1.10for entrepreneurs from low-income communities to develop and operate their businesses,
1.11and may include a technology accelerator, a beauty, health, and wellness incubator with a
1.12small-batch production kitchen, community event and meeting space, a food production
1.13kitchen, and retail space. This appropriation is available until the project is completed or
1.14abandoned, subject to Minnesota Statutes, section 16A.642. This is a onetime appropriation.
1.15 EFFECTIVE DATE.This section is effective the day following final enactment.
1Section 1.
25-01009 as introduced12/18/24 REVISOR JSK/CH
SENATE
STATE OF MINNESOTA
S.F. No. 545NINETY-FOURTH SESSION
(SENATE AUTHORS: FATEH)
OFFICIAL STATUSD-PGDATE
Introduction and first reading01/23/2025
Referred to Capital Investment