Grants that exceed a certain dollar threshold inclusion on consultation and reports requirement

This bill requires Minnesota's economic development commissioner to consult with Management Analysis and Development before issuing or creating new grants exceeding $500,000. It mandates that the commissioner develop and agree on measurable goals for assessing grant effectiveness before finalizing applications, contracts, or proposals. Additionally, the commissioner must submit annual progress reports and a final report to the legislature detailing how funds were used, including unspent amounts if grants exceed one year. These requirements apply to all grantees receiving $500,000+ grants, who must provide necessary information for reporting.