/
2019 DEED Legislative Session Update 2019 DEED Legislative Session Update

2019 DEED Legislative Session Update - PowerPoint Presentation

danika-pritchard
danika-pritchard . @danika-pritchard
Follow
343 views
Uploaded On 2020-01-11

2019 DEED Legislative Session Update - PPT Presentation

2019 DEED Legislative Session Update Governors Workforce Development Board June 12 2019 Darielle Dannen The 2019 Legislative session adjourned the regular session on May 20 without passing major budget bills a oneday special session was called for May 24 ID: 772540

million development economic program development million program economic session investment funding grant minnesota services grants appropriations direct policy fy20

Share:

Link:

Embed:

Download Presentation from below link

Download Presentation The PPT/PDF document "2019 DEED Legislative Session Update" is the property of its rightful owner. Permission is granted to download and print the materials on this web site for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.


Presentation Transcript

2019 DEED Legislative Session Update Governor’s Workforce Development Board June 12, 2019 Darielle Dannen

The 2019 Legislative session adjourned the regular session on May 20 without passing major budget bills; a one-day special session was called for May 24 th .All budget bills passed the legislature during the special session except a capital investment bill. The legislature is scheduled to reconvene on February 11, 2020. 2019 Legislative Session Overview

One Minnesota  |   mn.gov/deed 3

Economic Development Border-to-Border Broadband Grant Program $40 million for Border-to-Border Infrastructure Grant Program in FY20-21No policy changesTask Force renewed by Governor Walz

Economic Development Major Program Funding Minnesota Investment Fund - $23.94MJob Creation Fund - $16M Child Care Business Startups - $750,000Bus Dev Competitive Grants - $ 2.85M Emerging Entrepreneur Loan Program - $2M Minnesota Job Skills Partnership - $8.39MJob Training Grants - $2.7M

Economic Development Angel Tax Credit Program $10 million in TY19$10 million TY 21 Lower investment Clawback provision Lower fines

Economic Development New Programs Launch Minnesota - $5 millionLeadership SBIR Grants Business Liquidity Grants Entrepreneur Benefits Organizational GrantsAirport Infrastructure Renewal (AIR) - $700k Business development on airports

Economic Development Direct Appropriations Direct Appropriations of $5.05 million White Earth Nation ($250k ) Hmong Chamber of Commerce ($ 125k) Rondo Community Land Trust ($ 250k) MEDA ($800,000) Rural Center for Entrepreneurial Facilitation ($300k) Enterprise Minnesota ($ 900k) Neighborhood Development Center ($1.3m) Initiative Foundations ($750k – Child Care) Center for Rural Policy ($278k) FIRST Upper Midwest Robotics ($100k)

Economic Development Policy Changes Minnesota Investment FundPolicy change allows the DEED commissioner to transfer funding from MIF to the Redevelopment Grant Program. Allows one-time exception to restrictions on use of local MIF Angel Tax Credit ProgramLowers the investment threshold

Economic Development Program Cuts Cut of $1.06 million from the Minnesota Investment Fund

Workforce Development Opportunity Funding Competitive grant programs - $5.092M Pathways to Prosperity - $11.396 million Women in Nontraditional, High Wage Jobs Grant Program (WESA) - $1.5 millionSupport Services - $2 millionYouth at Work - $8.196 millionSoutheast Asian Economic Relief - $2 million

Workforce Development Opportunity Direct Appropriations Direct Appropriations - $14.176 million focused on closing the opportunity gap

Workforce Development Cuts Eliminated funding for DEED’s Capacity Building Grant program $ 815,000 cut for Pathways to Prosperity from the FY18-19 funding level

Programs Serving People with Disabilities New Investments Vocational rehabilitation services $7 Million in FY20-21 and base funding Employment support services $1.8 million in FY20-21 for grants to programs that provide employment support services to persons with mental illness. $ 4 million in FY20-21 for rate increases to providers of extended employment services.

Other Notable Appropriations Duluth Regional Medical Exchange District $98 million in funding5 specific infrastructure projects

2020 Legislative Session Traditional bonding year Possible policy changesQuestions?