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MN SF5178
Bill
Status
Introduced
3/25/2024
Primary Sponsor
Omar Fateh
Click for details
AI Summary
- Designates April 25 to May 25 as Underserved Business Month in Minnesota to promote economic growth in marginalized communities
- Defines underserved businesses as those owned by BIPOC individuals, veterans, and low-wealth individuals that have faced barriers to credit, capital, and resources
- Authorizes the governor to promote and encourage observation of Underserved Business Month through public education and business development initiatives
- 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 establishment as Underserved Business Month
Last Action
Referred to Jobs and Economic Development
3/25/2024
Committee Referrals
Jobs and Economic Development3/25/2024
Full Bill Text
No bill text available