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MN SF5066
Bill
Status
Introduced
3/18/2024
Primary Sponsor
Lindsey Port
Click for details
AI Summary
- Appropriates $8,000,000 in fiscal year 2025 from the workforce development fund to the commissioner of employment and economic development for a grant to WomenVenture, available until June 30, 2027
- Grant funds support child care providers through business training, service programs, educational materials, payroll and banking pooling, shared administrative staff, bulk purchasing coordination, substitute pool management, mentoring, and child care management software
- Permits grant use for capital access to maintain, expand, or improve child care facilities and operations, including leasehold improvements, equipment purchases, working capital, and debt refinancing
- Authorizes WomenVenture to distribute funds through subgrants and loans that may be forgivable at WomenVenture's discretion
- Allows up to ten percent of the appropriation for WomenVenture's administrative costs
Legislative Description
WomenVenture grant appropriation
Last Action
Author added Pha
4/2/2024
Committee Referrals
Jobs and Economic Development3/18/2024
Full Bill Text
No bill text available