SF4299

Purpose

Provide funding to support economic development by financing a specific immigrant-focused project in Moorhead. The bill designates funds as a grant intended to create a cultural mall consisting of multiple businesses and jobs.

Main Provisions

• Funding source and recipient: In fiscal year 2027, a onetime appropriation of 3,000,000 is designated as a grant to the Immigrant Development Center, a 501(c)(3) nonprofit organization.
• Project goal: The grant is to acquire, renovate, and reconstruct a building to house a cultural mall in Moorhead.
• Expected outcomes: The project would include 75 businesses and result in about 140 jobs.
• Use of funds: Grant proceeds may be used for acquisition, demolition work, improvements to building systems, required site improvements, and improvements to interior spaces.
• Legal override: The appropriation is described as "notwithstanding" a prior statute, adjusting how the funds are allocated in fiscal year 2027.

Funding Details and Schedule

• Amount: 3,000,000
• Year: Fiscal year 2027
• Nature: One-time (not recurring)
• Purpose: A grant to support a cultural mall project in Moorhead through building acquisition, renovation, and related improvements.

Project Scope and Location

• Project: Build a cultural mall housing 75 businesses and creating 140 jobs.
• Location: City of Moorhead
• Eligible activities: Acquisition of property, demolition, building system improvements, site work, and interior space renovations.

Significance and Intended Impact

• Economic development: Aims to stimulate immigrant-focused business activity and job creation.
• Community and cultural impact: Establishes a cultural hub within Moorhead that centers immigrant-centered entrepreneurship.

Relationship to Existing Law

• The bill uses a not-withstanding provision to designate funds for this grant, differing from the prior allocation in Laws 2025 First Special Session chapter 6 article 1 section 2 subdivision 2 paragraph n.

Implementation Notes

• Grant recipient status: Immigrant Development Center must administer the funds as a grant for the specified project.
• One-time use: Funds are not intended to support ongoing operations beyond the project described.

Relevant Terms - Immigrant Development Center - cultural mall - Moorhead - grant - appropriation - fiscal year 2027 - one-time - 501(c)(3) - acquisition - renovation - reconstruction - building systems - site improvements - interior spaces - 75 businesses - 140 jobs - Notwithstanding - Laws 2025 First Special Session chapter 6 article 1 section 2 subdivision 2 paragraph n