6.6 EDSR 01-21-2014 - Laserfiche WebLink

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• Contaminated site cleanup. Section 3, subds. 2(c) and(d) appropriate approximately $2 million in FY 2014 and 2015 for the contaminated site clean-up and development grant program. • Business development grants. Section 3, subd. 2(e) appropriates $1.425 million in FY 2014 and 2015 for business development competitive grants. • Jobs Skills Partnership. Section 3, subd. 2(f) appropriates $4.195 million in FY 2014 and 2015 for the Jobs Skills Partnership in Minn. Stat. § 116L.01. • Redevelopment program. Section 3, subd. 2(g) appropriates $6 million in FY 2014 and 2015 for the Redevelopment program under Minn. Stat. § 116J. 571. The program provides communities with grants to pay up to 50 percent of the costs or redeveloping blighted industrial, residential, or commercial sites. • Host Community Economic Development program. Section 3, subd. 2(r) appropriates $875,000 in FY 2014 and 2015 for the Host Community Economic Development program created in Minn. Stat. § 116J.548. Section 3 creates a new program in Minn. Stat. § 116J.548 that will provide grants for the acquisition and betterment of public owned capital improvements to communities in the seven- county metro area that host waste disposal facilities. There is no local match required. Effective July 1, 2013. Article 3: Department and Economic Development(DEED)policy provisions • Small cities development block grant changes. Section 4 modifies Minn. Stat. § 116J.8731,subd. 2 to allow DEED to provide a forgivable loan from the Small Cities Development Block Grant Program directly to a private enterprise without requiring an application from the local community, other than a resolution of support. Eligible applicants include development authorities,provided they have municipal approval. Effective July 1, 2013. • Minnesota Investment Fund loans authorized. Section 5 amends Minn. Stat. § 116J.8731, subd. 3 and authorizes the Minnesota Investment Fund (MIF)to fund loans (in addition to grants)for infrastructure. Effective July 1, 2013. • Minnesota Job Creation Fund. Section 8 creates the Minnesota Job Creation Fund, an initiative of Gov. Dayton designed to replace the expiring JOB-Z pro- gram. Unlike JOB-Z,the Job Creation Fund is available statewide. The fund will provide up to $1 million to businesses that meet job creation and private invest- ment requirements. To qualify, a business must create at least 10 jobs and make $500,000 in private investment. A qualifying business must be engaged in manufacturing, warehousing, distribution, information technology, finance, insurance, or professional/technical services. "Professional services"does not include work performed primarily by attorneys, accountants, business consultants, physicians, or health care consultants. Local government approval required. In order to qualify, a business must submit an application to the local government where the facility will be located, and the local government must submit the application and other required materials to DEED. Effective July 1, 2013.