Purpose of the Bill

The bill aims to support workforce development by providing financial assistance to an organization dedicated to helping the Asian business community in Minnesota.

Main Provisions

• The bill proposes funding for the Asian Economic Development Association (AEDA).
• A total amount of $1,200,000 will be allocated from the workforce development fund.
• The funding is designated for use in fiscal year 2026.
• The money is intended for a grant supporting the Asian Economic Development Association in collaboration with the Minnesota Asian Building Trades Entrepreneurs (MABTE) and related businesses.
• The grant will be used to facilitate business growth through training, hiring, and capacity building initiatives.

Significant Changes

• This appropriation is a one-time allocation and will be accessible until June 30, 2027.
• There are no changes to existing laws; this bill introduces a new funding initiative specifically targeted at a demographic segment of the state's economy.

Relevant Terms

workforce development, Asian Economic Development Association, Minnesota Asian Building Trades Entrepreneurs, business growth, training, hiring, capacity building.