Minnesota legislation · 94th Legislature 2025-2026
Minnesota HF5024: African Development Center grant funding provided for forgivable loans to small businesses impacted by Operation Metro Surge, report required, and money appropriated.
Status: In committee, April 20, 2026
What the bill says
A bill for an act relating to economic development; appropriating money for a grant to the African Development Center to provide forgivable loans to small businesses impacted by Operation Metro Surge; requiring a report. new text begin [ADDED: (a) $3,000,000 in fiscal year 2026 is appropriated from the general fund to the commissioner of employment and economic development for a grant to the African Development Center to provide forgivable loans to eligible small businesses that experienced financial hardship due to business disruption, closure, or loss of revenue resulting from the federal im.
From the introduced text, April 17, 2026:
A bill for an act relating to economic development; appropriating money for a grant to the African Development Center to provide forgivable loans to small businesses impacted by Operation Metro Surge; requiring a report. new text begin [ADDED: (a) $3,000,000 in fiscal year 2026 is appropriated from the general fund to the commissioner of employment and economic development for a grant to the African Development Center to provide forgivable loans to eligible small businesses that experienced financial hardship due to business disruption, closure, or loss of revenue resulting from the federal immigration enforcement activities known as Operation Metro Surge.] new text end new text begin [ADDED: (b) The African Development Center shall establish and administer a forgivable loan program to assist eligible small businesses located in communities directly impacted by Operation Metro Surge. Loans issued under this section may be forgiven if recipients comply with program requirements established by the African Development Center. ] new text end new text begin [ADDED: (c) Forgivable loans awarded under this section may be used for:] new text end new text begin [] new text end new text begin [] new text end new text begin [] new text end new text begin [ and] new text end new text begin [ADDED: (5) other working capital expenses necessary to stabilize and sustain business operations.] …