Neighborhood Development Center grant appropriation

A bill for an act

relating to economic development; appropriating money for a grant to

Neighborhood Development Center.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.
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APPROPRIATION; NEIGHBORHOOD DEVELOPMENT CENTER.
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$1,200,000 in fiscal year 2027 is appropriated from the general fund to the commissioner

of employment and economic development for a grant to Neighborhood Development Center

to develop, equip, and launch programming for The Ruckus, a new small business and

entrepreneurship facility designed to support the second stage for entrepreneurs as they

move from startup to substantial revenue growth. Money may be used to design and

implement core programs; build entrepreneur cohorts; establish industry, retail, and capital

partnerships; and purchase the equipment and tools needed for programming to be fully

operational when the facility opens. Programming must include a technology and business

accelerator for founders ready to scale validated ideas, a beauty and wellness production

and market access program that supports compliant product development and launch, and

a retail readiness initiative that prepares consumer brands to successfully enter and expand

in retail markets. This is a onetime appropriation and is available until June 30, 2028.

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