HF1274 (Legislative Session 94 (2025-2026))
Shakopee; Innovation Hub funding provided, and money appropriated.
Related bill: SF1338
AI Generated Summary
Purpose
The bill creates a one-time funding appropriation to support the Innovation Hub in Shakopee. It provides a grant from the general fund to the commissioner of the Department of Employment and Economic Development (DEED) for the city of Shakopee to design, construct, furnish, and equip the Innovation Hub. The Hub is intended to function as a regional facility for workforce training and for starting and growing new businesses.
Main Provisions
- Funding and recipient: An appropriation of 4,000,000 dollars in fiscal year 2025 from the general fund to DEED, to grant to the City of Shakopee.
- Use of funds: To design, construct, furnish, and equip the Innovation Hub.
- Purpose of the Hub: To serve as a regional center for workforce training and as an entrepreneur incubator facility.
- One-time nature: This is a one-time appropriation and is available until the project is completed or abandoned.
- Legal compliance: The appropriation is subject to Minnesota Statutes section 16A.642, which governs onetime and other special appropriations.
Funding Details and Process
- Fiscal year: 2025.
- Source: General fund.
- Implementing agency: Department of Employment and Economic Development.
- Project status: Availability continues until the project is completed or abandoned, per the statutory clause cited.
Significance and Impact
- This bill aims to boost local economic development by creating a dedicated facility that combines workforce training with an entrepreneurship incubator.
- It emphasizes regional benefits, potentially attracting investment, jobs, and new businesses to Shakopee and surrounding areas.
Changes to Existing Law
- Creates a specific one-time appropriation for a capital project (the Innovation Hub) rather than ongoing program funding.
- Ties funding to a construction-ready project with a defined completion/abandonment condition under the statute 16A.642.
Relevant Terms - Innovation Hub - Shakopee - regional workforce training - entrepreneur incubator - grant - general fund - Department of Employment and Economic Development (DEED) - capital investment - onetime appropriation - Minnesota Statutes section 16A.642 - fiscal year 2025 - design, construct, furnish, equip - completion or abandonment
Past committee meetings
- Capital Investment on: April 30, 2025 09:00
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| February 20, 2025 | House | Action | Introduction and first reading, referred to | Workforce, Labor, and Economic Development Finance and Policy | |
| February 24, 2025 | House | Action | Motion to recall and re-refer, motion prevailed | Capital Investment |
Citations
[
{
"analysis": {
"added": [],
"removed": [],
"summary": "This appropriation references Minnesota Statutes section 16A.642 to govern the onetime availability of the funding for the Innovation Hub project in Shakopee; it does not modify any statutory provisions.",
"modified": []
},
"citation": "16A.642",
"subdivision": ""
}
]