Minnesota SF2828 allocates $4,000,000 for Isuroon to support microbusinesses through loans, grants, technical assistance, and a business incubator.
Minnesota SF2828 provides a onetime appropriation of $4,000,000 to Isuroon for supporting microbusinesses. The funds will be used to offer loans for entrepreneurship, grants for start-up costs and sustainability, technical assistance for business operations, and a business incubator program. Priority is given to businesses owned by women, immigrants, and communities of color. Isuroon must report to the commissioner of employment and economic development and relevant legislative committees on the program's outcomes by January 15, 2027.
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- Core Provisions
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- Legal Framework
- Critical Issues
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