This bill focuses on economic development in Minnesota by repealing several unfunded programs within the Department of Employment and Economic Development (DEED) and making necessary amendments to existing statutes. Key provisions include the repeal of Minnesota Statutes sections 116J.437, 116J.438, 116J.617 (subdivisions 1-4), 116J.658, and 116J.872, as well as Minnesota Rules part 3300.0500 (subparts 1-6). The bill also amends sections 116J.575 and 116J.8731 to refine the criteria for grant eligibility and project evaluation, emphasizing job creation, tax base increase, and the necessity of public assistance for private investment.

Notably, the bill introduces new criteria for prioritizing redevelopment projects, including the need for affordable housing and environmental impact considerations, while removing previous references to promoting the green economy. Additionally, it modifies the evaluation of eligible projects by removing the requirement to attract out-of-state businesses and instead focuses on job retention and creation, as well as support for microenterprises. These changes aim to streamline economic development efforts and ensure that public funds are directed toward projects that yield the highest public benefits.

Statutes affected:
Introduction: 116J.575, 116J.8731, 446A.07