Minnesota SF4527 establishes a relief program for small businesses negatively impacted by federal enforcement activity.

Minnesota SF4527 establishes a relief program for small businesses negatively impacted by federal enforcement activity. The commissioner of employment and economic development must develop criteria, forms, applications, and reporting requirements for the program. The bill appropriates $100,000,000 for small business relief grants. Eligible businesses must have primary operations in Minnesota, be at least 50% owned by a Minnesota resident, and demonstrate a 20% decline in revenue or sales. Grant funds can be used for payroll, rent, utilities, inventory replacement, and security upgrades.

Minnesota SF4527 establishes a relief program for small businesses negatively impacted by federal enforcement activity.

Minnesota SF4527 establishes a relief program for small businesses negatively impacted by federal enforcement activity. The commissioner of employment and economic development must develop criteria, forms, applications, and reporting requirements for the program. The bill appropriates $100,000,000 for small business relief grants. Eligible businesses must have primary operations in Minnesota, be at least 50% owned by a Minnesota resident, and demonstrate a 20% decline in revenue or sales. Grant funds can be used for payroll, rent, utilities, inventory replacement, and security upgrades.