Minnesota SF3326 allocates funds for grants to the African Development Center, social benefit corporations, and small businesses in the St.

Minnesota SF3326 provides fiscal year 2026 appropriations for economic development grants. $4,000,000 is allocated to the African Development Center to assist small business owners with commercial real estate purchases, loan loss reserves, and organizational capacity building. $500,000 is designated for social benefit corporations that employ underserved populations. Additionally, $300,000 is set aside for small businesses in the St. Paul Midway area to foster job creation and economic growth.

Minnesota SF3326 allocates funds for grants to the African Development Center, social benefit corporations, and small businesses in the St.

Minnesota SF3326 provides fiscal year 2026 appropriations for economic development grants. $4,000,000 is allocated to the African Development Center to assist small business owners with commercial real estate purchases, loan loss reserves, and organizational capacity building. $500,000 is designated for social benefit corporations that employ underserved populations. Additionally, $300,000 is set aside for small businesses in the St. Paul Midway area to foster job creation and economic growth.