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MN HF5107

Bill

Status

Introduced

3/21/2024

Primary Sponsor

Hodan Hassan

Click for details

Origin

House of Representatives

93rd Legislature 2023-2024

AI Summary

  • Designates April 25 to May 25 as Underserved Business Month in Minnesota to recognize and promote economic growth in marginalized communities
  • Defines underserved businesses as those owned by BIPOC individuals, veterans, and low-wealth individuals who have faced barriers in accessing credit, capital, and resources
  • Authorizes the governor to promote and encourage observance of Underserved Business Month to educate the public
  • Appropriates an unspecified amount from the workforce development fund in fiscal year 2025 to the commissioner of employment and economic development for grants to underserved businesses during the designated month

Legislative Description

Period from April 25 to May 25 established as Underserved Business Month, and money appropriated.

Last Action

Authors added Frazier and Hussein

4/4/2024

Committee Referrals

Workforce Development Finance and Policy3/21/2024

Full Bill Text

No bill text available