SF545

Senate File No. 545 is a legislative proposal that requests funding for the construction of a new entrepreneur innovation center in Minneapolis. The bill allocates $4,500,000 from the state's general fund for the year 2026. This money will go to the Neighborhood Development Center to design, build, furnish, and equip the facility in the Lake Street Corridor. The center aims to support entrepreneurs from low-income communities by providing space for various business activities, including a technology accelerator, beauty and health services, a production kitchen, and retail areas. The funding is designated as a one-time appropriation, to be used until the completion or abandonment of the project, adhering to specific state regulations.