Budgets for MN Dep of Employment & Economic Development and Dep of Commerce

Today I attended the Jobs and Economic Development Finance Division meeting where they heard fromMN Dep of Employment & Economic Development and Dep of Commerce about their budgets based on Governor Walz’ One Minnesota Budget. You can see the whole meeting below.  Broadband wasn’t a hot topics but a few things came up that were of interest:

For DEED, Steve Grove spoke about various funds, grants and tools to increase economic development opportunities.

  • Community Prosperity Grant
    For small towns – based on what community thinks are greatest issues for economic development
    Matching grants
  • MN Innovation collaborative
    For everyone innovator job created – 5 more follow – so great network effect
    Get start-ups started – overcome risk aversion
    Education – help people learn how to start a company
  • Talk about changing required employee compensation levels – so that if 51 percent of staff make less than $20- you can still qualify. I mention this because there has always been conversation about employ compensation requirements for projects receiving State Broadband grants. And this seems like a similar situation.

For the Dep of Commerce, Steve Kelley spoke about a few specific technology projects:

  • $416,000 in FY20. FY21, FY22 to support Commerce IT System Modernization project
  • $475,00 in FY20 and $350,00 per year in ongoing funding to modernize the state’s unclaimed property operating system
This entry was posted in MN, Policy by Ann Treacy. Bookmark the permalink.

About Ann Treacy

I have a Master’s Degree in Library and Information Science. I have been interested or involved in providing access to information through the Internet since 1994, when I worked for Minnesota’s first Internet service provider. I am pleased to be a part of the Blandin on Broadband Team. I also work with MN Coalition on Government Information, Minnesota Rural Partners, and the American Society for Information Science and Technology.

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