The bill appropriates $5,000,000 from the renewable development account in the special revenue fund for the Minnesota Energy Alley initiative. This funding is designated for the commissioner of commerce to grant to Clean Energy Economy Minnesota in fiscal year 2026. The initiative aims to enhance the state's energy and economic development by providing seed funding for businesses, developing training programs, recruiting entrepreneurs, and securing additional funding from federal and corporate sources to create a sustainable revenue model.
This appropriation is a one-time allocation and is made notwithstanding existing provisions in Minnesota Statutes, specifically section 116C.779, subdivision 1, paragraph (j). The bill emphasizes the importance of establishing a self-sustaining initiative that will contribute to the long-term economic and energy security of Minnesota.