Purpose of the Bill

The purpose of this bill is to provide financial support for economic development within the West Broadway Avenue corridor area in Minneapolis. This is achieved through a specific grant aimed at enhancing the area through a local program.

Main Provisions

• The bill appropriates $75,000 each for fiscal years 2026 and 2027 from Minnesota's general fund.
• These funds are allocated to the commissioner of employment and economic development.
• The money is specifically meant for a grant to the West Broadway Business and Area Coalition.
• The grant is intended to support the coalition's ambassador program, which helps manage, maintain, and oversee initiatives in the West Broadway Avenue area in Minneapolis.

Significant Changes to Existing Law

• This legislation introduces a one-time financial appropriation for specified fiscal years, explicitly directed towards a local business coalition, which might not have been previously funded through state resources.

Relevant Terms

economic development, appropriation, grant, West Broadway Business and Area Coalition, ambassador program, fiscal year, general fund, Minneapolis.