Minnesota HF3079 extends the availability of a $10 million appropriation for the city of Minneapolis.

Minnesota HF3079 amends a 2023 law to extend the availability of a $10 million appropriation from the state general fund to the city of Minneapolis. The grant must be paid by July 15, 2023, and is available until June 30, 2027. The city may use up to one percent of the grant for administrative costs. Of the total, $8 million must be used for a grant to a foundation providing business advising, branding, marketing support, and real estate consulting to businesses on Lake Street in Minneapolis. The remaining $2 million must be used for property acquisition at two specific addresses in the city.

Minnesota HF3079 extends the availability of a $10 million appropriation for the city of Minneapolis.

Minnesota HF3079 amends a 2023 law to extend the availability of a $10 million appropriation from the state general fund to the city of Minneapolis. The grant must be paid by July 15, 2023, and is available until June 30, 2027. The city may use up to one percent of the grant for administrative costs. Of the total, $8 million must be used for a grant to a foundation providing business advising, branding, marketing support, and real estate consulting to businesses on Lake Street in Minneapolis. The remaining $2 million must be used for property acquisition at two specific addresses in the city.