This bill, S.F. No. 2050, proposes an appropriation for rural economic development in Minnesota. It allocates $627,000 from the state's general fund in fiscal year 2026 to the Commissioner of Employment and Economic Development for a grant to Community and Economic Development Associates (CEDA). The funds will support economic development technical assistance and project grants for small communities in rural Minnesota.

The bill specifies that: - CEDA will design, implement, market, and administer community and economic development programs tailored to local needs. - Technical assistance grants will be awarded based on need to communities that cannot otherwise afford these services. - Up to $270,000 of the total appropriation may be used specifically for economic development project implementation in conjunction with the technical assistance provided. - This funding is a one-time appropriation.

The bill was introduced in the Minnesota Senate on March 3, 2025, and referred to the Jobs and Economic Development Committee.