Section 116O.20 — Dissolution.
116O.20 DISSOLUTION. In the event of dissolution of Enterprise Minnesota, Inc. for any reason, the state of Minnesota, upon action by the governor, and after consultation with the Legislative Advisory Commission, may require the liquidation of all holdings and investments and the return of the proceeds of that liquidation and any wholly owned assets of […]
Section 116O.061 — Financial Assistance.
116O.061 FINANCIAL ASSISTANCE. (a) Financial assistance may be provided to sole proprietorships, corporations, other entities, or nonprofit organizations. Financial assistance includes, but is not limited to, assisting a qualified company or organization with business services and products that will enhance the operations of the entity. (b) Preference and priority will be given to business entities […]
Section 116O.115 — Small Business Growth Acceleration Program.
116O.115 SMALL BUSINESS GROWTH ACCELERATION PROGRAM. Subdivision 1. Establishment; purpose. The small business growth acceleration program is established. The purpose of the program is to (1) help qualified companies implement technology and business improvements; and (2) bridge the gap between standard market pricing for technology and business improvements and what qualified companies can afford to […]
Section 116O.14 — Audits.
116O.14 AUDITS. The corporation board shall contract with a certified public accounting firm to do a financial and compliance audit of the corporation and any subsidiary annually in accordance with generally accepted accounting standards. A copy of this audit must be submitted to the chairs of the senate Finance and Economic Development and Housing Committees, […]
Section 116O.15 — Annual Report.
116O.15 ANNUAL REPORT. The board shall submit a report to the chairs of the senate Economic Development and Housing and the house of representatives Economic Development Committees of the legislature and the governor on the activities of the corporation by February 1 of each year. A copy of the report shall also be provided to […]
Section 116M.15 — Minnesota Emerging Entrepreneur Board.
116M.15 MINNESOTA EMERGING ENTREPRENEUR BOARD. Subdivision 1. Membership. The Minnesota Emerging Entrepreneur Board is created and consists of the commissioner of employment and economic development, the commissioner of human rights, the chair of the Metropolitan Council, and 12 members from the general public appointed by the governor. Nine of the public members must be representatives […]
Section 116M.16 — Powers.
116M.16 POWERS. Subdivision 1. Contracts. The board may enter into contracts and grant agreements necessary to carry out its responsibilities. Subd. 2. Gifts; grants; appropriation. The board may apply for, accept, and disburse gifts, grants, loans, or other property from the United States, the state, private foundations, or any other source. It may enter into […]
Section 116M.17 — Duties.
116M.17 DUTIES. Subdivision 1. General duties. The board shall investigate and evaluate methods to enhance urban development, particularly methods relating to economic diversification through minority business enterprises and job creation for minority and other persons in low-income areas. The enterprises shall include, but are not limited to, technologically innovative industries, value-added manufacturing, and information industries. […]
Section 116M.18 — Minnesota Emerging Entrepreneur Program.
116M.18 MINNESOTA EMERGING ENTREPRENEUR PROGRAM. Subdivision 1. Establishment. The Minnesota emerging entrepreneur program is established to award grants to nonprofit corporations to fund loans to businesses owned by minority or low-income persons, women, veterans, or people with disabilities. Subd. 1a. Statewide loans. To the extent there is sufficient eligible demand, loans shall be made so […]
Section 116O.01 — Citation.
116O.01 CITATION. Sections 116O.01 to 116O.061 may be cited as the “Enterprise Minnesota, Inc. Act.” History: 1987 c 386 art 2 s 1; 1991 c 322 s 19; 2008 c 290 s 1