Minnesota SF230 mandates consultation and reporting on economic development grants over $500,000.

Minnesota SF230 amends state statutes to require consultation and reporting on economic development grants exceeding $500,000. The commissioner must consult with Management Analysis and Development to design measurements for assessing grant efficacy and cost-effectiveness. These measurements must be incorporated into grant applications and contracts. Additionally, the commissioner must submit separate reports to the legislature on these grants, including summaries of fund usage. If a grant can be used over multiple years, annual reports are required.

Minnesota SF230 mandates consultation and reporting on economic development grants over $500,000.

Minnesota SF230 amends state statutes to require consultation and reporting on economic development grants exceeding $500,000. The commissioner must consult with Management Analysis and Development to design measurements for assessing grant efficacy and cost-effectiveness. These measurements must be incorporated into grant applications and contracts. Additionally, the commissioner must submit separate reports to the legislature on these grants, including summaries of fund usage. If a grant can be used over multiple years, annual reports are required.