HF1246 (Legislative Session 94 (2025-2026))
Neighborhood Development Center grant funding provided, and money appropriated.
Related bill: SF1798
AI Generated Summary
This bill proposes an appropriation of $2,250,000 from Minnesota's general fund in fiscal year 2026 to the commissioner of employment and economic development for a grant to the Neighborhood Development Center (NDC). The funds aim to support small business programs, including training, lending, business services, and real estate initiatives. Additionally, the money may be used to assist organizations outside the seven-county metropolitan area with technical assistance and grants to help implement NDC’s small business support model, provide one-on-one technical assistance for entrepreneurs, and support the operations and marketing of a cybersecurity center. This is a one-time appropriation, and any unused funds from the first year can be used in the second year.
Bill text versions
- Introduction PDF file
Actions
Date | Chamber | Where | Type | Name | Committee Name |
---|---|---|---|---|---|
February 19, 2025 | House | Floor | Action | Introduction and first reading, referred to | Workforce, Labor, and Economic Development Finance and Policy |