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MN SF4477
Bill
Status
Introduced
4/16/2020
Primary Sponsor
Paul T. Anderson
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AI Summary
- Appropriates federal coronavirus relief funds under Public Law 116-136 to the Commissioner of Employment and Economic Development for grants to small businesses affected by COVID-19, with funds available until December 31, 2020
- Provides alternative appropriation from the workforce development fund if federal funds cannot be made available by May 1, 2020
- Requires the commissioner to distribute grants through economic development organizations, which shall make grants of up to $10,000 to individual businesses
- Eligible businesses must be located in Minnesota, employ 50 or fewer full-time worker equivalents, and demonstrate financial hardship from the COVID-19 outbreak
- Grants may be used for working capital, payroll expenses, rent, mortgage payments, utility bills, and other regular business expenses
Legislative Description
COVID-19 small business relief grants appropriations
Last Action
Referred to Jobs and Economic Growth Finance and Policy
4/16/2020
Committee Referrals
Jobs and Economic Growth Finance and Policy4/16/2020
Full Bill Text
No bill text available