| 1 | 1 | | 1.1 A bill for an act |
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| 2 | 2 | | 1.2 relating to capital investment; appropriating money for an entrepreneur innovation |
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| 3 | 3 | | 1.3 center in the city of Minneapolis. |
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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. NEIGHBORHOOD DEVELOPMENT CENTER. |
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| 6 | 6 | | 1.6 $4,500,000 in fiscal year 2026 is appropriated from the general fund to the commissioner |
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| 7 | 7 | | 1.7of employment and economic development for a grant to the Neighborhood Development |
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| 8 | 8 | | 1.8Center to design, construct, furnish, and equip a new entrepreneur innovation center located |
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| 9 | 9 | | 1.9in the Lake Street Corridor in the city of Minneapolis. The new building shall include space |
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| 10 | 10 | | 1.10for entrepreneurs from low-income communities to develop and operate their businesses, |
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| 11 | 11 | | 1.11and may include a technology accelerator, a beauty, health, and wellness incubator with a |
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| 12 | 12 | | 1.12small-batch production kitchen, community event and meeting space, a food production |
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| 13 | 13 | | 1.13kitchen, and retail space. This appropriation is available until the project is completed or |
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| 14 | 14 | | 1.14abandoned, subject to Minnesota Statutes, section 16A.642. This is a onetime appropriation. |
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| 15 | 15 | | 1.15 EFFECTIVE DATE.This section is effective the day following final enactment. |
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| 16 | 16 | | 1Section 1. |
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| 17 | 17 | | 25-01009 as introduced12/18/24 REVISOR JSK/CH |
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| 18 | 18 | | SENATE |
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| 19 | 19 | | STATE OF MINNESOTA |
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| 20 | 20 | | S.F. No. 545NINETY-FOURTH SESSION |
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| 21 | 21 | | (SENATE AUTHORS: FATEH) |
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| 22 | 22 | | OFFICIAL STATUSD-PGDATE |
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| 23 | 23 | | Introduction and first reading01/23/2025 |
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| 24 | 24 | | Referred to Capital Investment |
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