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

Librarian who follows rural broadband in MN and good uses of new technology (blandinonbroadband.org), hosts a radio show on MN music (mostlyminnesota.com), supports people experiencing homelessness in Minnesota (elimstrongtowershelters.org) and helps with social justice issues through Women’s March MN.

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