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

1.5 	Section 1. APPROPRIATION; ENTREPRENEUR FUND.
 1.6 	$1,000,000 in fiscal year 2025 is appropriated from the general fund to the commissioner 
1.7 	of employment and economic development for a grant to the Entrepreneur Fund to capitalize 
1.8 	their revolving loan funds to address unmet financing needs in northeast Minnesota of 
1.9 	for-profit business startups, expansions, and ownership transitions. This is a onetime 
1.10 	appropriation.