MN SF3198

$10,000,000 appropriated from the general fund in fiscal year 2023 to the commissioner of employment and economic development for a grant to the Center for Economic Inclusion.

Funds designated for strategic, data-informed investments in job creation strategies targeting underserved populations statewide.

May support pay-for-performance contracts with nonprofit organizations providing outreach, training, and support services for dislocated and chronically underemployed people.

May fund forgivable loans, revenue-based financing, and equity investments for entrepreneurs with barriers to growth.

Up to 10 percent of the appropriation may be used for the center's technical assistance and administrative costs.