Purpose of the Bill

The purpose of this bill is to support workforce development by providing financial assistance to the Asian Economic Development Association (AEDA) in Minnesota. This funding is aimed at helping Asian entrepreneurs and businesses in the building trades industry within the state.

Main Provisions

• Appropriation of Funds: The bill allocates $1,200,000 from the workforce development fund to the Minnesota Commissioner of Employment and Economic Development.
• Grant Recipients: The funds will be granted to the Asian Economic Development Association.
• Support Activities: The funding is intended to aid AEDA in cooperation with the Minnesota Asian Building Trades Entrepreneurs (MABTE) and related firms. The assistance will focus on growing their businesses through activities such as training, hiring, and capacity-building initiatives.

Significant Changes

• This appropriation constitutes a one-time financial support and comes with a timeframe for use, which extends up to fiscal year 2027. This targeted assistance is intended to boost the capacity and economic impact of Asian businesses in workforce development.

Relevant Terms

• Workforce Development
• Asian Economic Development Association (AEDA)
• Minnesota Asian Building Trades Entrepreneurs (MABTE)
• Capacity Building
• Economic Support
• Small Business Growth