Minnesota HF1506 appropriates $1,000,000 for a grant to the Entrepreneur Fund to support for-profit business startups, expansions, and ownership.
Minnesota HF1506 allocates $1,000,000 from the general fund to the commissioner of employment and economic development for a onetime grant to the Entrepreneur Fund. The grant aims to capitalize the fund's revolving loan funds, addressing unmet financing needs for for-profit business startups, expansions, and ownership transitions in northeast Minnesota.
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