SF582

Purpose

Provide state funding to support the Greater Minnesota business development public infrastructure grant program.

Main provisions

• Delivers appropriations of $2,500,000 in fiscal year 2026 and $2,500,000 in fiscal year 2027 from the general fund.
• The funds are appropriated to the commissioner of employment and economic development.
• The money is for the Greater Minnesota business development public infrastructure grant program, established under Minnesota Statutes section 116J.431.
• Administration of the funds is handled by the Department of Employment and Economic Development (the commissioner).

Significant changes to existing law

• The text specifies funding for the existing program but does not describe changes to program rules or eligibility. It simply adds the stated appropriations to support the Greater Minnesota business development public infrastructure grant program under Minnesota Statutes section 116J.431.

Fiscal impact

• Total of $5,000,000 over two years ( $2,500,000 in FY2026 and $2,500,000 in FY2027 ) from the general fund.

Summary of intent

• The bill aims to continue and expand financial support for infrastructure-related projects that aid business development in Greater Minnesota through the established grant program.

Relevant Terms greater Minnesota, business development, public infrastructure grant program, Minnesota Statutes section 116J.431, general fund, commissioner of employment and economic development, Department of Employment and Economic Development, fiscal year 2026, fiscal year 2027, appropriation, economic development.