The bill establishes a biennial budget for workforce, labor, and economic development in Minnesota, allocating funds to various state agencies, including the Department of Employment and Economic Development and the Department of Labor and Industry. It specifies funding for programs focused on business development, small business assistance, child care support, and workforce development initiatives, including grants for enhancing child care services and supporting rural communities. The bill also introduces new legal language detailing appropriations for each program, including amounts and intended uses, while establishing reporting requirements for grant recipients to ensure accountability. Additionally, it repeals certain sections of existing law and amends various Minnesota Statutes to align with the new budgetary framework.

Key provisions include significant funding allocations for targeted workforce development programs, such as $1,000,000 annually for the Minnesota emerging entrepreneur loan program and $25 million annually for targeted population workforce grants. The bill emphasizes support for minority-owned businesses and underserved communities, with specific allocations for organizations that assist these populations. It also includes provisions for forgivable loans and revenue-based financing for entrepreneurs facing barriers to growth. Notably, the bill mandates a biennial analysis of worker misclassification and includes a one-time transfer of $3,000,000 from the job creation fund to the general fund for fiscal year 2025. Overall, the bill aims to address workforce shortages and promote economic self-sufficiency through targeted investments and support services.

Statutes affected:
Introduction: 116J.8752, 116L.04, 116L.98, 116J.8733, 469.54, 116J.431
1st Engrossment: 116J.431, 116J.8733, 116J.8752, 116L.04, 116L.98, 116M.18, 469.54, 116U.05, 116U.06, 116U.15, 116U.30, 116U.35, 116J.659, 116L.05, 248.07, 268.085, 268.184
2nd Engrossment: 116J.431, 116J.8733, 116J.8752, 116L.04, 116L.98, 116M.18, 469.54, 116U.05, 116U.06, 116U.15, 116U.30, 116U.35, 116J.659, 116L.05, 248.07, 268.085, 268.184, 177.27, 326B.103, 326B.184, 326B.31, 326B.33, 326B.37, 326B.49, 326B.986, 327.31, 327.32, 327.33, 327B.01, 327B.04, 327B.041, 327B.05, 177.253, 177.254, 326B.198
3rd Engrossment: 116J.431, 116J.8733, 116J.8752, 116L.04, 116L.98, 116M.18, 469.54, 116U.05, 116U.06, 116U.15, 116U.30, 116U.35, 116J.659, 116L.05, 248.07, 268.085, 268.184, 177.27, 326B.103, 326B.184, 326B.31, 326B.33, 326B.37, 326B.49, 326B.986, 327.31, 327.32, 327.33, 327B.01, 327B.04, 327B.041, 327B.05, 177.253, 177.254, 326B.198
4th Engrossment: 116J.431, 116J.8733, 116J.8752, 116L.04, 116L.98, 116M.18, 469.54, 116U.05, 116U.06, 116U.15, 116U.30, 116U.35, 116J.659, 116L.05, 248.07, 268.085, 268.184, 177.27, 326B.103, 326B.184, 326B.31, 326B.33, 326B.37, 326B.49, 326B.986, 327.31, 327.32, 327.33, 327B.01, 327B.04, 327B.041, 327B.05, 177.253, 177.254, 326B.198
1st Unofficial Engrossment: 116J.431, 116J.8733, 116J.8752, 116L.03, 116L.04, 116L.05, 116L.562, 116L.98, 116U.05, 116U.06, 116U.15, 116U.30, 116U.35, 248.07, 469.54, 177.27, 181.211, 181.988, 326B.0981, 326B.198, 326B.31, 326B.33
2nd Unofficial Engrossment: 116J.431, 116J.682, 116J.8733, 116J.8752, 116L.03, 116L.04, 116L.05, 116L.562, 116L.98, 116U.05, 116U.06, 116U.15, 116U.30, 116U.35, 248.07, 469.54, 177.27, 181.211, 181.931, 181.932, 181.988, 326B.0981, 326B.198, 326B.31, 326B.33, 326B.43