as introduced - 93rd Legislature (2023 - 2024) Posted on 03/24/2023 04:01am
A bill for an act
relating to economic development; appropriating money for a grant to the Latino
Economic Development Center.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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(a) $2,000,000 in fiscal year 2024 is appropriated from the general fund to the
commissioner of employment and economic development for a grant to the Latino Economic
Development Center (LEDC). Grant proceeds may be used to assist, support, finance, and
launch micro-entrepreneurs by delivering training, workshops, and one-on-one consultations
to businesses.
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(b) $2,000,000 in fiscal year 2024 is appropriated from the general fund to the
commissioner of employment and economic development for a grant to the Latino Economic
Development Center to guide prospective entrepreneurs in their start-up process by
introducing them to key business concepts, including business start-up readiness. Grant
proceeds must be used to offer workshops on a variety of topics throughout the year,
including finance, customer service, food-handler training, and food-safety certification.
Grant proceeds may also be used to provide lending to business startups.
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