Minneslate Logo

HF1965 (Legislative Session 94 (2025-2026))

Small business assistance partnership program funding provided.

Related bill: SF1521

AI Generated Summary

This bill appropriates funding for the Small Business Assistance Partnerships Program in Minnesota. Specifically, it allocates $6,425,000 from the state's general fund for fiscal years 2026 and 2027 to the Commissioner of Employment and Economic Development.

  • The funds will support the program under Minnesota Statutes, section 116J.682.
  • Grants will be awarded for two consecutive years, with all awards issued in the first year.
  • The Department of Employment and Economic Development may use up to 5% of the appropriation for administrative purposes.
  • The appropriations are designated as one-time funding.

This bill aims to support small businesses through partnerships, fostering economic development in Minnesota.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
March 05, 2025HouseFloorActionIntroduction and first reading, referred toWorkforce, Labor, and Economic Development Finance and Policy
March 05, 2025HouseFloorActionIntroduction and first reading, referred toWorkforce, Labor, and Economic Development Finance and Policy
March 05, 2025HouseFloorActionIntroduction and first reading, referred toWorkforce, Labor, and Economic Development Finance and Policy
March 10, 2025HouseFloorActionAuthor added
March 10, 2025HouseFloorActionAuthor added
March 26, 2025HouseFloorActionAuthor added

Citations

 
[
  {
    "analysis": {
      "added": [
        "Funding allocated for fiscal years 2026 and 2027."
      ],
      "removed": [
        ""
      ],
      "summary": "The bill appropriates funds for the small business assistance partnerships program under section 116J.682.",
      "modified": [
        "Allowance for up to five percent of funds for administrative purposes."
      ]
    },
    "citation": "116J.682",
    "subdivision": ""
  }
]

Sponsors