MN SF18

Extends the one-year deadline for meeting minimum capital investment and job creation requirements by up to 12 months for Minnesota job creation fund projects that must meet these requirements within 12 months of the governor's declaration of a peacetime emergency.

Allows grantors to extend the period for meeting wage and job goals under subsidy agreements by up to two years (instead of one year) if the governor has declared a peacetime emergency during the initial two-year compliance period.

Authorizes the commissioner to approve Minnesota investment fund grants or job creation fund grants of up to $2,000,000 for qualified applicants, notwithstanding existing statutory limits in sections 116J.8731 and 116J.8748.

This grant exception authority expires July 1, 2021 and becomes effective the day following final enactment.