MN SF2719

Expands the bioscience business development public infrastructure grant program to include clean energy businesses and creates a bioscience and clean energy business development public infrastructure account in the bond proceeds fund.

Defines "clean energy business" as a business that furthers development of Minnesota's green economy and adds clean energy business development capital improvement projects as eligible projects for grants.

Commissioner makes competitive grants to local governmental units for public infrastructure costs (up to 50 percent of combined infrastructure and project costs) to support eligible bioscience and clean energy projects, with local units providing remaining costs from other sources.

Grant applications must include governing body resolution confirming funding availability, detailed cost estimates, site use assessment, project timeline with milestones, and commitment to repay grant if milestones are not met.

Grants prioritize projects based on potential to attract viable bioscience or clean energy businesses, proximity to public transit, multijurisdictional scope, non-relocation status, and job creation; grant recipients must repay funds if project not occupied by eligible business within five years of final payment.