1.1 	A bill for an act
1.2 	relating to economic development; appropriating money to African Economic 
1.3 	Development Solutions for a loan fund.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. AFRICAN ECONOMIC DEVELOPMENT SOLUTIONS; 
1.6 	APPROPRIATION.
 1.7 	$3,000,000 in fiscal year 2024 is appropriated from the general fund to the commissioner 
1.8 	of employment and economic development for a grant to African Economic Development 
1.9 	Solutions for a loan fund that will address pervasive economic inequities by supporting 
1.10 	business ventures of entrepreneurs in the African immigrant community. This is a onetime 
1.11 	appropriation and is available until June 30, 2026.