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MN HF4179
Bill
Status
3/22/2018
Primary Sponsor
Tim Mahoney
Click for details
AI Summary
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Appropriates $2,000,000 in fiscal year 2019 from the general fund to the Commissioner of Employment and Economic Development for a grant to African Economic Development Solutions (AEDS).
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Allocates $1,500,000 of the appropriation for a business revolving loan fund to support new and existing African immigrant entrepreneurs.
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Allocates $500,000 for technical assistance services including business development, entrepreneur training, business technical assistance, loan packing, and community development services.
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Designates the appropriation as a one-time funding allocation.
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Establishes the funding purpose as addressing pervasive economic inequities affecting African immigrant entrepreneurs.
Legislative Description
African Economic Development Solutions grant funding provided, and money appropriated.
Last Action
Author added Pinto.
3/28/2018