MN HF37

Establishes a civil unrest immediate relief program administered by the commissioner of employment and economic development to make grants to eligible organizations for local economic relief in areas affected by civil unrest during Governor's Executive Order No. 20-64.

Authorizes eligible organizations (community development financial institutions, cities, Minneapolis Community Development Agency, and St. Paul Housing and Redevelopment Authority) to provide grants up to $250,000 per entity and loans up to $500,000 per entity, with deferred or forgivable loan options available.

Requires entities receiving assistance to remain in the local community for a minimum of three years and submit plans for continued operation; loan repayment funds must be returned to the general fund.

Mandates participating organizations establish performance measures tracking loans approved, grants awarded, loan default rates, jobs created or retained, and changes in business revenues, with annual reporting to the commissioner by December 15.

Appropriates $167,570,000 in fiscal year 2021, including at least $12.5 million each to Minneapolis and Saint Paul, $5 million each to the Minneapolis Community Development Agency and St. Paul Housing and Redevelopment Authority for property acquisition, $1 million for community re-imagining grants, and $750,000 to the Office of the Legislative Auditor.