Purpose of the Bill

The purpose of this bill is to provide funding to support economic development efforts through a grant to Rethos, a nonprofit organization. The funds are specifically targeted to enhance the Main Street America Minnesota program, which aims to revitalize local economies.

Main Provisions

• The bill appropriates $680,000 for fiscal year 2026 and another $680,000 for fiscal year 2027 from the general fund to the commissioner of employment and economic development.
• These funds are designated for a grant to Rethos, a 501(c)(3) nonprofit organization.
• The grant money will be used for activities such as:
  • Expanding outreach and engagement with communities through the Main Street America Minnesota program.
  • Providing training and educational resources.
  • Conducting reporting and program evaluations.
  • Reducing financial barriers for community participation in the program.
• Additionally, $230,000 from these funds must be allocated to local Main Street America organizations. This allocation is meant for technical assistance grants, which are to be administered according to criteria set by Rethos.

Significant Changes to Existing Law

• There are no significant changes to existing law as this bill primarily focuses on financial appropriations to enhance current economic development programs.

Relevant Terms

Rethos, Main Street America, economic development, nonprofit, grant, technical assistance, fiscal year, outreach, training, education, program evaluation, financial barriers, local organizations.