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Committee hears proposal to maintain and expand DEED small-business assistance funding
Summary
Senate File 15-21 would maintain and expand funding for DEED’s Small Business Assistance Partnership, proposing a per-year increase from a $2,725,000 base to $6,425,000 per year for FY26-27 (a $3.7M-per-year uplift, or $7.4M over the biennium).
Senate File 15-21, presented Feb. 24, would maintain and expand funding for the Small Business Assistance Partnership program administered by the Minnesota Department of Employment and Economic Development (DEED). Sponsor Senator Powell said the program is a 14-year competitive partnership that delivers free technical assistance to small businesses through nonprofit contractors and CDFIs.
Why it matters: DEED’s Small Business Assistance Partnership supports business advising, coaching and financing connections statewide and targets services to veterans, women,…
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