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MN SF2598
Bill
Status
3/12/2014
Primary Sponsor
Tom Saxhaug
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AI Summary
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Appropriates $500,000 from the general fund in fiscal year 2015 to the Commissioner of Employment and Economic Development for grants to small business development centers under Minnesota Statutes, section 116J.68.
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Permits funds to be used as matching money for the federal Small Business Development Center (SBDC) program under 15 U.S.C. § 648.
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Allows funds to support consulting and technical services or build additional SBDC network capacity to serve entrepreneurs and small businesses.
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Requires the commissioner to allocate funds equally among the nine regional centers and lead center.
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Designates this as a onetime appropriation available until expended.
Legislative Description
Small business development center program appropriation
Last Action
Referred to Finance
3/12/2014