Purpose of the Bill

The purpose of the bill is to support workforce development by providing funds to the Asian Economic Development Association. This is aimed at helping Asian entrepreneurs in the building trades sector grow their businesses.

Main Provisions

• The bill proposes an appropriation of $1,200,000 for the fiscal year 2026.
• This funding is to be taken from Minnesota's workforce development fund.
• The grant will be given to the Asian Economic Development Association (AEDA).
• AEDA will use the grant in collaboration with the Minnesota Asian Building Trades Entrepreneurs (MABTE) and related firms.
• The funds are intended for training, hiring, and capacity building efforts.
• This appropriation is a one-time allocation and will be available until June 30, 2027.

Significant Changes to Existing Law

• This bill introduces a new, specific allocation of state funds targeting the Asian community involved with building trades through the AEDA.
• It establishes precedent for state-backed support directed at minority entrepreneurial groups within Minnesota.

Relevant Terms

workforce development, Asian Economic Development Association, Minnesota Asian Building Trades Entrepreneurs, training, hiring, capacity building, state grant, minority entrepreneurs, building trades sector.