Purpose

The bill aims to establish a veteran relocation bonus program in Minnesota. This program is intended to support veterans who have recently lost their federal jobs and choose to relocate to Minnesota.

Main Provisions

• Veteran Relocation Bonus Program Establishment: The bill directs the establishment of a program that provides financial incentives to eligible veterans relocating to Minnesota.
• Eligibility Criteria: To qualify, veterans must have had their federal employment involuntarily terminated on or after January 20, 2025, not have been Minnesota residents as of that date, and establish residency in Minnesota before January 1, 2027. Additionally, they must start working at least 20 hours a week in Minnesota by this date.
• Bonus Amount: Eligible veterans will receive a relocation bonus of $10,000.
• Application Process: Veterans must apply using a specific form designed by the Commissioner of Employment and Economic Development.
• Reporting Requirement: By March 1, 2027, a report on the program's outcomes must be submitted to relevant legislative committees.

Significant Changes

• Financial Incentives for Relocation: This bill introduces a new incentive through financial bonuses, which aims to increase Minnesota's workforce by attracting veterans.
• Appropriation: The bill appropriates $6,000,000 from the workforce development fund for the program, including $50,000 dedicated to outreach and promoting the program to eligible veterans.

Relevant Terms

veteran relocation, workforce development, involuntary termination, residency requirements, financial incentives, $10,000 bonus, federal employment, Minnesota workforce, relocation bonus, employment eligibility, appropriation, outreach.