HF1506 (Legislative Session 94 (2025-2026))

Entrepreneur Fund grant funding provided, and money appropriated.

Related bill: SF1945

AI Generated Summary

This bill proposes an appropriation of $1,000,000 from Minnesota's general fund in fiscal year 2026. The funds would be granted to the Entrepreneur Fund through the commissioner of employment and economic development. The purpose of the grant is to support the capitalization of the Entrepreneur Fund's revolving loan funds, which aim to address unmet financing needs for for-profit business startups, expansions, and ownership transitions in northeast Minnesota. The appropriation is designated as a one-time allocation.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
February 25, 2025HouseFloorActionIntroduction and first reading, referred toWorkforce, Labor, and Economic Development Finance and Policy
February 25, 2025HouseFloorActionIntroduction and first reading, referred toWorkforce, Labor, and Economic Development Finance and Policy
February 26, 2025HouseFloorActionAuthor added
March 02, 2025HouseFloorActionAuthor added