1.1 	A bill for an act
1.2 	relating to economic development; appropriating money for the Center for 
1.3 	Economic Inclusion.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. THE CENTER FOR ECONOMIC INCLUSION; APPROPRIATION.
 1.6 	$10,000,000 in fiscal year 2024 is appropriated from the general fund to the commissioner 
1.7 	of employment and economic development for a grant to the Center for Economic Inclusion 
1.8 	for strategic, data-informed investments in job creation strategies that respond to the needs 
1.9 	of underserved populations statewide. This may include pay-for-performance contracts with 
1.10 	nonprofit organizations to provide outreach, training, and support services for dislocated 
1.11 	and chronically underemployed people, as well as forgivable loans, revenue-based financing, 
1.12 	and equity investments for entrepreneurs with barriers to growth. Of this amount, up to ten 
1.13 	percent may be used for the center's technical assistance and administrative costs.