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MN SF3157

Bill

Official Source

Status

Introduced

3/23/2016

Primary Sponsor

Tom Saxhaug

Click for details

Origin

Senate

89th Legislature 2015-2016

AI Summary

  • Appropriates $7,000,000 from the general fund in fiscal year 2017 to the commissioner of employment and economic development for grants to initiative foundations.
  • Distributes $1,000,000 each to six regional initiative foundations: Southwest Initiative Foundation, West Central Initiative Foundation, Southern Minnesota Initiative Foundation, Northwest Minnesota Foundation, Initiative Foundation, and Northland Foundation.
  • Allocates $1,000,000 to the Urban Initiative Board with 50 percent for projects in Dakota, Ramsey, and Washington counties and 50 percent for projects in Anoka, Carver, Hennepin, and Scott counties.
  • Grants are designated for business startup financing, business expansion and maintenance, and business ownership transition and succession activities.

Legislative Description

Initiative foundations business finance activities promotion and appropriation

Last Action

Author added Sparks

4/14/2016

Committee Referrals

Finance3/23/2016

Full Bill Text

No bill text available