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HF 1602

Latino Economic Development Center grant funding provided, and money appropriated.

2025-2026 Regular Session Introduced by Samakab Hussein and 1 co-sponsor

Provides state grant funding to the Latino Economic Development Center to support Latino entrepreneurship and workforce programs, helping Latino workers and small businesses.

Introduction and first reading, referred to Workforce, Labor, and Economic Development Finance and Policy
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Bill Summary · HF 1602

Summary of HF 1602 — Latino Economic Development Center grant funding provided, and money appropriated

Overview

HF 1602 is a Minnesota House bill introduced on February 26, 2025, titled “Latino Economic Development Center grant funding provided, and money appropriated.” The bill is currently at the Introduction and first reading stage and has been referred to the committee on Workforce, Labor, and Economic Development Finance and Policy. A companion bill exists in the Senate as SF 922.

Purpose and Intent

  • The bill appears to authorize the provision of state grant funding to the Latino Economic Development Center (LEDC) to support its programs and activities.
  • The underlying aim, inferred from the title, is to advance Latino community economic development in Minnesota through targeted grants and related funding mechanisms.

Key Provisions (as indicated by the bill’s title)

  • Grant Funding to LEDC: The core provision is the appropriation or authorization of funds specifically for LEDC grants.
  • Funding Administration: While not stated in the summary, such provisions typically designate the agency responsible for administering the grants (likely the Minnesota Department of Employment and Economic Development, given the bill’s subject). The precise grant terms, eligible activities, and recipient requirements will be defined in the bill text.
  • Use of Funds: The bill would designate permissible uses for LEDC-related grant funds (e.g., business loans or grants, workforce development programs, entrepreneurship assistance, or related economic development activities) as specified in the enacted language.
  • Reporting and Accountability: Standard provisions may require reporting on grant outcomes and financial administration, though specifics are not provided here.

Fiscal Impact

  • The bill involves an appropriation or authorization of state funds to LEDC. The exact dollar amount, funding source, duration, and any matching requirements or contingencies would be detailed in the bill text and fiscal note.

Affected Parties

  • Primary recipient: Latino Economic Development Center (LEDC) and its programs.
  • Beneficiaries: Latino workers, entrepreneurs, small business owners, and communities served by LEDC’s activities.
  • State Agencies: Minnesota Department of Employment and Economic Development and related fiscal and oversight entities.

Procedural and Timeline Aspects

  • Current Status: Introduction and first reading; referred to the committee on Workforce, Labor, and Economic Development Finance and Policy.
  • Next Steps: Committee hearings and potential amendments, followed by floor consideration in the House. If advanced, the bill could move to the Senate as SF 922 or undergo a conference process if differences arise between chambers.
  • Companion Bill: SF 922 in the Senate (same or related provisions).

How to Track and Learn More

  • Review the full text of HF 1602 and the accompanying fiscal note for exact provisions, grant amounts, eligibility, and reporting requirements.
  • Monitor committee hearings and amendments in the House, and watch for the companion SF 922 developments in the Senate.

Compiled from official sources — confirm details with the bill’s official record.

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