HF510 (Legislative Session 94 (2025-2026))
Made in Minnesota program funding provided for small business growth acceleration, report required, and money appropriated.
Related bill: SF1453
AI Generated Summary
The bill channels financial aid into Minnesota's small manufacturing businesses to boost their development and competitiveness. Specifically, it allocates $1 million each in fiscal years 2026 and 2027 to Enterprise Minnesota Inc. This organization will use the funds to help local manufacturers with various business improvements such as talent management, employee retention, and revenue growth. Additionally, the bill requires Enterprise Minnesota Inc. to report on the effectiveness of the financial allocations, detailing the benefits to the businesses assisted and any federal funds leveraged. Lastly, it updates the terminology in the Minnesota statutes from "small business growth acceleration program" to "Made in Minnesota program" to reflect the focus on state manufacturing.
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| February 12, 2025 | House | Floor | Action | Introduction and first reading, referred to | Workforce, Labor, and Economic Development Finance and Policy |
| February 18, 2025 | House | Floor | Action | Author added | |
| March 19, 2025 | House | Floor | Action | Author added |
Citations
[
{
"analysis": {
"added": [
"Introduces direct investment into Minnesota manufacturers."
],
"removed": [],
"summary": "This bill appropriates funds and modifies the scope of the Made in Minnesota program under section 116O.115.",
"modified": [
"Changes the name from 'small business growth acceleration program' to 'Made in Minnesota program'."
]
},
"citation": "116O.115"
}
]