HF4307

Purpose

This bill would designate the city of Sartell as a Medical Enterprise Zone and as a Destination Medical Center Community, with the goal of promoting medical development and related economic activity in Sartell.

Main Provisions

• Medical Enterprise Zone designation
  • Defines a Medical Enterprise Zone as a designated area within Minnesota where targeted tax incentives can be used to support infrastructure and economic development costs for medical development, technology, and medical manufacturing.
  • Sartell would be designated as a Medical Enterprise Zone.
• Local tax authority and use of funds
  • The Sartell city council would designate a geographic area within the city that would allow Sartell to collect newly established corporate taxes, individual income taxes, and state commercial/industrial property taxes.
  • These taxes could be used exclusively for purposes of medical enterprise (i.e., for medical-related infrastructure and development activities).
• Destination Medical Center Community designation
  • Sartell would be designated as a Destination Medical Center Community.

Significant Changes to Law

• Adds a new statute (469.208) to define and establish a Medical Enterprise Zone and its funding mechanism.
• Establishes Sartell as a Destination Medical Center Community, expanding how the city can participate in medical-focused economic development and associated funding.

Implementation and Governance

• Local control: The city council would determine the specific geographic area within Sartell to qualify for the zone and funding mechanisms.
• Tax funding framework: The bill creates a framework for collecting and using certain taxes in support of medical enterprise activities, with funds earmarked exclusively for that purpose.

Potential Impacts

• Economic development for Sartell through increased investment in medical development, technology, and manufacturing.
• Creation or support of infrastructure and other development costs tied to the medical sector.
• Potentially enhanced local employment and activity related to medical enterprises, funded by the described taxes and incentives.

Notes

• The bill text focuses on designation and funding mechanisms, rather than specifying exact projects or tax rates.
• It relies on local (city-level) designation and control for targeting geographic area and tax use within Sartell.

Relevant Terms - Medical Enterprise Zone - Destination Medical Center Community - Sartell - city council - geographic area - targeted tax incentives - infrastructure - economic development costs - medical development technology - medical manufacturing - corporate taxes - individual income taxes - state commercial/industrial property taxes - exclusive use - Minnesota Statutes chapter 469 - designation - new law