HF174
Small business growth acceleration funding provided, report required, and money appropriated.
False House Legislative Session 94 (2025-2026)Past session
AI Generated Summary
This legislative bill proposes to allocate funding to support small manufacturing businesses in Minnesota. Specifically, it provides two annual payments of $1 million each for fiscal years 2026 and 2027. These funds are intended for Enterprise Minnesota Inc., a company that helps small manufacturers with various business improvements such as employee retention, leadership training, and revenue growth.
The bill requires that Enterprise Minnesota Inc. report back to the relevant legislative committees on the use of these funds, including details on their financial impacts and the additional federal funds leveraged through these initiatives.
Additionally, the bill includes a revision to the Minnesota Statutes, changing the term "small business growth acceleration program" to "Made in Minnesota program" to reflect this focus.
Actions
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Bill information comes from public records published by the Office of the Revisor of Statutes, the Minnesota House and the Minnesota Senate. AI summaries are written by MinneSlate and are not official. MinneSlate is independent and is not affiliated with the State of Minnesota or the Minnesota Legislature.