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
- Introduction PDF file
Actions
Date | Chamber | Where | Type | Name | Committee Name |
---|---|---|---|---|---|
February 25, 2025 | House | Floor | Action | Introduction and first reading, referred to | Workforce, Labor, and Economic Development Finance and Policy |
February 25, 2025 | House | Floor | Action | Introduction and first reading, referred to | Workforce, Labor, and Economic Development Finance and Policy |
February 26, 2025 | House | Floor | Action | Author added | |
March 02, 2025 | House | Floor | Action | Author added |