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MN HF2183
Bill
Status
Introduced
2/9/2012
Primary Sponsor
Lyle Koenen
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AI Summary
- $5,000,000 appropriated from the general fund to the Commissioner of Employment and Economic Development in fiscal year 2012 for the urban initiative challenge grant program under Minnesota Statutes, section 116M.18
- $6,000,000 appropriated from the general fund to the Commissioner of Employment and Economic Development in fiscal year 2012 for grants to community organizations in the six Minnesota Initiative Foundation regions
- Grants to support increasing the number of loans made to small businesses in rural Minnesota each year
- Commissioner may award grants to Minnesota Initiative Foundation regions after they submit a strategic plan describing how funds will be used, including new or expanded loan programs
- Both appropriations are one-time and available until expended
Legislative Description
Urban initiative loan program and greater Minnesota business development funding provided, and money appropriated.
Last Action
Author added Allen
4/16/2012
Committee Referrals
Jobs and Economic Development Finance2/9/2012
Full Bill Text
No bill text available