HF1602 (Legislative Session 94 (2025-2026))

Latino Economic Development Center grant funding provided, and money appropriated.

Related bill: SF922

AI Generated Summary

The bill (H.F. No. 1602) proposes an appropriation of $2,000,000 in fiscal years 2026 and 2027 from Minnesota’s workforce development fund to the commissioner of employment and economic development. The funds would be allocated as a grant to the Latino Economic Development Center (LEDC). The grant aims to support microentrepreneurs by providing training workshops, one-on-one business consultations, and general capacity building. Additionally, the funds may be used to assist aspiring entrepreneurs in learning key business concepts and developing career pathways in areas such as trades, green lending, technology, coding, STEM careers, translation services, and manufacturing.

Bill text versions

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DateChamberWhereTypeNameCommittee Name
February 25, 2025HouseFloorActionIntroduction and first reading, referred toWorkforce, Labor, and Economic Development Finance and Policy