City of Minneapolis entrepreneur innovation center appropriation

SF 545 allocates $4.5 million in state funds to create a new entrepreneur innovation center in Minneapolis' Lake Street Corridor. The center will provide dedicated space for low-income business owners to develop their ventures, including a technology accelerator, wellness incubator with production kitchen, and community meeting areas. The funding covers design, construction, equipment, and furnishings for the facility, with the project to be completed by fiscal year 2026. This is a one-time appropriation for the Neighborhood Development Center as the grant recipient.