116M.14 DEFINITIONS. Subdivision 1. Terms. For the purposes of this chapter, the following terms have the meaning given them. Subd. 2. Board. “Board” means the Minnesota emerging entrepreneur program. Subd. 3. Commissioner. “Commissioner” means the commissioner of employment and economic development. Subd. 3a. Department. “Department” means the Department of Employment and Economic Development. Subd. 4. […]
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 […]
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 […]
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. […]
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 […]
