Minnesota business recovery loan program establishment and appropriation

This bill establishes a Minnesota Business Recovery Loan Program, providing $100 million in zero-interest loans to businesses impacted by increased immigration enforcement. The funds will be distributed through Minnesota Initiative Foundations for businesses in greater Minnesota and to nonprofit corporations for businesses in the seven-county metropolitan area. The bill also appropriates $250,000 for a study on the economic impact of immigration enforcement and cancels a previous appropriation.

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