Minnesota 2025-2026 Regular Session

Minnesota Senate Bill SF545 Compare Versions

Only one version of the bill is available at this time.
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11 1.1 A bill for an act​
22 1.2 relating to capital investment; appropriating money for an entrepreneur innovation​
33 1.3 center in the city of Minneapolis.​
44 1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:​
55 1.5 Section 1. NEIGHBORHOOD DEVELOPMENT CENTER.​
66 1.6 $4,500,000 in fiscal year 2026 is appropriated from the general fund to the commissioner​
77 1.7of employment and economic development for a grant to the Neighborhood Development​
88 1.8Center to design, construct, furnish, and equip a new entrepreneur innovation center located​
99 1.9in the Lake Street Corridor in the city of Minneapolis. The new building shall include space​
1010 1.10for entrepreneurs from low-income communities to develop and operate their businesses,​
1111 1.11and may include a technology accelerator, a beauty, health, and wellness incubator with a​
1212 1.12small-batch production kitchen, community event and meeting space, a food production​
1313 1.13kitchen, and retail space. This appropriation is available until the project is completed or​
1414 1.14abandoned, subject to Minnesota Statutes, section 16A.642. This is a onetime appropriation.​
1515 1.15 EFFECTIVE DATE.This section is effective the day following final enactment.​
1616 1​Section 1.​
1717 25-01009 as introduced​12/18/24 REVISOR JSK/CH​
1818 SENATE​
1919 STATE OF MINNESOTA​
2020 S.F. No. 545​NINETY-FOURTH SESSION​
2121 (SENATE AUTHORS: FATEH)​
2222 OFFICIAL STATUS​D-PG​DATE​
2323 Introduction and first reading​01/23/2025​
2424 Referred to Capital Investment​