HF5132

Purpose

Explain and fund career readiness and financial literacy education for Minnesota students through Junior Achievement North. The bill aims to expand access to practical, real-world learnings about careers and financial skills.

Main Provisions

• Appropriation: A one-time grant of $500,000 in fiscal year 2027 from the Workforce Development Fund.
• Recipient and administration: The grant goes to Junior Achievement North and is administered by the Commissioner of Employment and Economic Development.
• Program focus: To increase the scale and frequency of Junior Achievement North’s traveling, career readiness and financial literacy programming.
• Learning approach: Funds must be used for hands-on, experiential learning that exposes students to a wide variety of careers, helps them identify interests and aptitudes, and enables them to explore career paths with professionals in the community.
• Outcome expectations: The program should help students develop financial and workplace skills needed to succeed in work and life.

Financial Details

• Source of funds: Workforce Development Fund.
• Fiscal year: 2027.
• Nature of funding: One-time appropriation; not a continuing appropriation.

Significance / Changes to Law

• This bill creates a new, one-time grant to support expanded career readiness and financial literacy programming, rather than establishing ongoing funding. It enhances access to hands-on, community-partnered career exploration across multiple locales through Junior Achievement North.

Relevant Terms

career readiness financial literacy traveling programming hands-on learning experiential learning career paths interests and aptitudes professionals in the community financial and workplace skills workforce development fund commissioner of employment and economic development Junior Achievement North fiscal year 2027 one-time appropriation grant