Minnesota SF 1545: Entrepreneurial development assistance grant appropriation

Bill Text

03/19/13 REVISOR SS/SA 13-2814 asintroduced
A bill for an act1.1
relating to economic development; appropriating money for entrepreneurial1.2
development.1.3
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:1.4
Section 1. ASSISTANCE TO ENTREPRENEURS; APPROPRIATION.1.5
(a) $360,000 in fiscal year 2014 and $360,000 in fiscal year 2015 are appropriated1.6
from the general fund to the commissioner of employment and economic development for1.7
a grant to the small business development center hosted at Minnesota State University,1.8
Mankato, for a collaborative initiative with the Regional Center for Entrepreneurial1.9
Facilitation. Funds available under this section must be used to provide entrepreneur1.10
and small business development direct professional business assistance services in the1.11
followingcountiesinMinnesota: BlueEarth,Brown,Faribault,LeSueur,Martin,Nicollet,1.12
Sibley, Watonwan, and Waseca. For the purposes of this section, "direct professional1.13
business assistance services" must include, but is not limited to pre-venture assistance for1.14
individuals considering starting a business. This appropriation is not available until the1.15
commissioner determines that an equal amount is committed from nonstate sources. Any1.16
balanceinthefirstyeardoesnotcancelandisavailableforexpenditureinthesecondyear.1.17
(b) Grant recipients shall report to the commissioner by February 1 of each year and1.18
include information on the number of customers served in each county; the number of1.19
businesses started, stabilized, or expanded; the number of jobs created and retained;1.20
and business success rates in each county. By April 1 of each year, the commissioner1.21
shall report the information submitted by grant recipients to the chairs of the standing1.22
committees of the house of representatives and the senate having jurisdiction over1.23
economic development issues.1.24
Section 1. 1
SENATE
STATE OF MINNESOTA
EIGHTY-EIGHTH LEGISLATURE S.F. No. 1545
(SENATE AUTHORS: SPARKS)
DATE D-PG OFFICIAL STATUS
04/04/2013 1677 Introduction and first reading
Referred to Finance