SF1338

Senate File No. 1338 is a bill in Minnesota that, if passed, will allocate $4,000,000 from the state's general fund in the fiscal year 2025. This money will be given to the commissioner of employment and economic development to fund a grant for the city of Shakopee. The purpose of the grant is to design, build, furnish, and equip the Innovation Hub. The Innovation Hub is intended to be a facility focused on workforce training and supporting new entrepreneurs. The funding is a one-time allocation and must be used until the project is completed or abandoned, in line with specific state law requirements.