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Committee hears request to replenish Entrepreneur Fund that lends to rural small businesses
Summary
Senate File 1945 would provide a $1 million one‑time appropriation to the Entrepreneur Fund for loan capital for small businesses in north and central Minnesota and several tribal nations. The CEO said state funds leverage private and federal capital and help sustain a revolving loan pool.
Senate File 19 45 was presented to the Senate Jobs and Economic Development Committee on March 3 as a one‑time $1,000,000 appropriation to the Entrepreneur Fund to support small‑business lending in north and central Minnesota and several tribal nations.
Senator Haschschild, who introduced the bill, said the fund serves many counties in northern and central Minnesota and several tribal nations and that past state appropriations have helped leverage additional lending. "The entrepreneur fund makes a big impact on small businesses in North And…
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