HF3975
Neighborhood Development Center grant funding provided, and money appropriated.
Legislative Session 94 (2025-2026)
Related bill: SF4008
AI Generated Summary
Purpose
- The bill provides funding to support a new small business and entrepreneurship facility called The Ruckus, intended to help second-stage entrepreneurs grow from startup to substantial revenue.
Main Provisions and Objectives
- Creates a one-time appropriation of 1,200,000 from the general fund in fiscal year 2027.
- Provides the grant to Neighborhood Development Center, via the commissioner of employment and economic development, to develop, equip, and launch The Ruckus.
- The facility and its programming are designed to support entrepreneurs as they move from startup to higher revenue growth.
- Uses of the funds include:
- Designing and implementing core programs
- Building entrepreneur cohorts
- Establishing industry, retail, and capital partnerships
- Purchasing equipment and tools so programming is fully operational when the facility opens
Funding and Timeline
- Amount: 1,200,000 from the general fund (one-time appropriation)
- Availability: Funds must be used by June 30, 2028
Use of Funds and Programs
- Programming must include:
- A technology and business accelerator for founders ready to scale
- A beauty and wellness production and market access program to support compliant product development and launch
- A retail readiness initiative to help consumer brands enter and expand in retail markets
Impact on Existing Law / Significance
- This bill authorizes a new funding grant and program but does not specify changes to existing statutes beyond creating this one-time appropriation for The Ruckus.
Implementation and Oversight
- Funds are appropriated to the commissioner of employment and economic development for the Neighborhood Development Center’s program, with details on governance and reporting not specified in the excerpt.
Relevant Terms - general fund - appropriation - grant - Neighborhood Development Center - The Ruckus - second-stage entrepreneurs - startup - substantial revenue growth - technology and business accelerator - beauty and wellness production - market access program - retail readiness initiative - industry retail partnerships - capital partnerships - equipment and tools - entrepreneur cohorts - fiscal year 2027 - June 30, 2028
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| March 05, 2026 | House | Action | Introduction and first reading, referred to | Workforce, Labor, and Economic Development Finance and Policy |
Bill information comes from public records published by the Office of the Revisor of Statutes, the Minnesota House and the Minnesota Senate. AI summaries are written by MinneSlate and are not official. MinneSlate is independent and is not affiliated with the State of Minnesota or the Minnesota Legislature.
Progress through the legislative process
In Committee