Minnesota business recovery loan program establishment and appropriation

Summary

The bill transfers $100 million to a new business recovery loan account and authorizes the commissioner of employment and economic development to purchase zero‑interest loans made by designated nonprofit partners. Eligible businesses must be Minnesota‑based, in good standing, and show a revenue loss of over 30% during Dec 2025‑Feb 2026. The program aims to stabilize jobs and aid recovery after heightened immigration enforcement actions.

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