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Committee adds Promise Act administrative fixes to package after stakeholder input
Summary
Committee discussed technical and administrative changes to the Promise Act (grant and loan provisions), including allowing prior-tax-year filings and clarifications on residence vs. bricks-and-mortar eligibility; members instructed staff to add the fixes to the committee package.
Committee counsel presented a set of administrative and technical changes to the Promise Act intended to make grant and loan administration smoother for program managers and applicants. Counsel said changes reflected feedback from implementing organizations including the Neighborhood Development Center (NDC), the Minnesota Initiative Foundation and DEED.
Specific clarifications included allowing applicants to submit the prior taxable year (rather than tying eligibility to a specific tax year such as 2021), tightening loan limitations, and clarifying whether home-based businesses qualified depending on the statutory corridor language describing eligible business locations. Witnesses said the changes would remove administrative barriers and improve the second round of grants and loans under the Promise Act.
Representative Richard Baker and other members signaled support; staff were told to add the Promise Act technical changes to the committee's bill package. No formal vote was recorded during the hearing.
