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Minnesota House Bill HF3061
Minnesota 2025-2026 Regular Session
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Minnesota 2025-2026 Regular Session

Minnesota House Bill HF3061

Introduced
4/2/25  

Caption

African Development Center, social benefit corporations, and small businesses in the St. Paul Midway area funding provided; reports required; and money appropriated.

Impact

The implications of HF3061 are significant, particularly for small businesses and social enterprises in the St. Paul Midway area. By providing targeted funding for grants aimed at fostering growth among African immigrant business owners, the bill aims to stabilize and expand the local economy. The requirement for recipients to report on the use of funds and employment metrics further ensures accountability and reflects an impact-driven approach to economic assistance, which is believed to enhance job creation and retention rates in the region.

Summary

House Bill HF3061 aims to bolster economic development in Minnesota by appropriating funds to various community-driven initiatives. The bill specifically allocates $4 million to the African Development Center to support small business loans, loan loss reserves, and organizational capacity building, all crucial for assisting minority entrepreneurs in gaining access to commercial real estate and financial support. Additionally, the bill dedicates $500,000 to social benefit corporations that provide job opportunities for underserved populations, emphasizing the need for workforce enhancement and employment stability within these communities.

Contention

While HF3061 has garnered support for its focus on economic upliftment and job creation, there may be concerns regarding the distribution and effectiveness of the grants. Questions may arise about the adequacy of funding and whether it will sufficiently meet the needs of the targeted communities, particularly as these efforts aim to address longstanding economic disparities. Additionally, the one-time nature of appropriations might lead to sustainability concerns about the initiatives funded under this bill, calling into question how the impact of these investments will persist beyond the 2027 deadline.

Latest MN HF3061 Activity

View All Events: MN 2025-2026 Regular Session HF3061

Companion Bills

MN SF3326

Similar To African Development Center, social benefit corporations and small businesses in the St. Paul Midway area grants appropriations

Previously Filed As

MN SF3326

African Development Center, social benefit corporations and small businesses in the St. Paul Midway area grants appropriations

MN HF5024

African Development Center grant funding provided for forgivable loans to small businesses impacted by Operation Metro Surge, report required, and money appropriated.

MN HF3091

St. Paul and West St. Paul; grant funding provided for economic development and job retention efforts for small businesses, and money appropriated.

MN HF2440

Labor market trends report funding provided, and money appropriated.

MN HF5050

Brooklyn Park Small Business Center grant funding provided, and money appropriated.

MN HF2835

St. Paul; Indigenous Roots Cultural Center expansion funding provided, and money appropriated.

MN HF1037

St. Paul; Metropolitan Center for Independent Living funding provided, and money appropriated.

MN HF2111

Fursad Fund Initiative grant funding provided to support small businesses in greater Minnesota through technical assistance, capacity building, and access to capital; and money appropriated.

MN HF1246

Neighborhood Development Center grant funding provided, and money appropriated.

MN HF3975

Neighborhood Development Center grant funding provided, and money appropriated.

Similar Bills

MD HB390

Budget Bill (Fiscal Year 2027)

MD SB282

Budget Bill (Fiscal Year 2027)

MD HB350

Budget Bill (Fiscal Year 2026)

MD SB319

Budget Bill (Fiscal Year 2026)

PA HB1330

To provide appropriations from the General Fund for the expenses of certain agencies of the Executive Department for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2025.

PA SB160

To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2025; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2025; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2025; and to provide for the additional appropriation of Federal and State funds to the Executive and Legislative Departments for the fiscal year July 1, 2024, to June 30, 2025, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2024.

PA SB280

To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2025; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2025; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2025; and to provide for the additional appropriation of Federal and State funds to the Executive and Legislative Departments for the fiscal year July 1, 2024, to June 30, 2025, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2024.

PA SB1161

To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2026; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2026; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2026; and to provide for the additional appropriation of Federal and State funds to the Executive and Legislative Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2025.