SF1934 (Legislative Session 94 (2025-2026))
African Economic Development Solutions appropriation
AI Generated Summary
This bill, introduced in the Minnesota Senate as S.F. No. 1934, appropriates $2 million from the general fund in fiscal year 2026 for a grant to African Economic Development Solutions. The funds will be allocated as follows:
- $1 million for a loan fund to support business ventures of entrepreneurs in the African immigrant community, addressing economic inequities.
- $1 million to provide business technical assistance to entrepreneurs in the African immigrant community.
This is a one-time appropriation and will be available until June 30, 2028.
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| February 26, 2025 | House | Floor | Action | Introduction and first reading | |
| February 26, 2025 | Senate | Floor | Action | Introduction and first reading | |
| February 26, 2025 | House | Floor | Action | Referred to | Jobs and Economic Development |
| February 26, 2025 | Senate | Floor | Action | Referred to | Jobs and Economic Development |