Minnesota establishes a business recovery loan program to aid businesses affected by increased immigration enforcement.

The bill establishes a Minnesota business recovery loan program to assist businesses adversely affected by increased immigration enforcement. It appropriates $100 million for zero-interest loans, with $18 million for businesses in greater Minnesota and $82 million for those in the seven-county metropolitan area. Loan amounts vary based on business size, with a minimum state contribution of $2,500. Eligible businesses must demonstrate a revenue loss of over 30% due to factors like staffing shortages or reduced customer access.

Minnesota establishes a business recovery loan program to aid businesses affected by increased immigration enforcement.

The bill establishes a Minnesota business recovery loan program to assist businesses adversely affected by increased immigration enforcement. It appropriates $100 million for zero-interest loans, with $18 million for businesses in greater Minnesota and $82 million for those in the seven-county metropolitan area. Loan amounts vary based on business size, with a minimum state contribution of $2,500. Eligible businesses must demonstrate a revenue loss of over 30% due to factors like staffing shortages or reduced customer access.