3/2/2021

Updated Budget Forecast Brings Good News

The state’s financial picture has improved significantly since the last projection, having gone from a projected $1.3 billion deficit in the upcoming biennium to a $1.6 billion surplus.

2/23/2021

Governor Walz’s DEED Budget Recommendations Get Senate Hearing, Bonding Proposal Released

Governor Walz's budget recommendations and bonding proposal.

2/15/2021

DEED Funding Bill Introduced in the House, MMB Budget Update on the Horizon

House File 819 appropriates the same funding levels for MIF, JCF, redevelopment, and demolition loan programs as the Senate bill.

2/8/2021

DEED Funding Bill Introduced in Minnesota Senate

The bill maintains base level funding for the MN Investment Fund and the Job Creation Fund and would establish base level funding for redevelopment grants and demolition loans.

2/2/2021

Governor Walz Releases Budget Recommendations

Governor Walz released his budget recommendations last week in what is commonly referred to as the unofficial start to the Legislative Session. The Governor’s $52.4 billion two-year budget proposal was advertised as a COVID-19 recovery budget.

11/4/2020

Election Update

The configuration of state government that produced five Special Sessions to enact a Bonding Bill remains essentially unchanged by the 2020 general election.

10/19/2020

Special Session Ends After Passage of Long-Awaited Bonding Bill

The Legislature was finally able to come together during the special session to pass a bonding bill that invests in hundreds of infrastructure projects across the state. The bill, the largest bonding bill in state history at $1.87 billion, includes

7/27/2020

DEED Economic Development Programs Funded in Bonding Bill

The DEED programs that have been included in the proposed Omnibus Bonding Bill include the Greater Minnesota Business Development Public Infrastructure Program, the Innovative Business Development Public Infrastructure Program, and the Transportation

5/19/2020

Legislative Update | May 19, 2020

The 2020 Legislative Session came to an unceremonious end on Sunday night with leaders in the House and Senate unable to reach agreement on a number of legislative priorities included a bonding bill, a bill to distribute federal coronavirus relief fu

5/11/2020

Legislative Update | May 11, 2020

The Minnesota Legislature is coming into the home stretch with the constitutionally mandated adjournment date looming on May 18. There remains much to be done in the final week with action packed agendas on both House and Senate floors. Negotiations