Strategic Entrepreneurial Economic Development (SEED)
SEED Funding Breakdown
| INITIATIVE Developing and Growing Entrepreneurs |
FY 09 Amount |
One-Time or Base Funding* |
Small Business Development Centers |
$650 |
Base |
Assistance to Entrepreneurs -- SBIR |
$400 |
Base |
Manufacturing Extension Grants |
$350 |
One-Time |
Rural Entrepreneurs WorkForce Center |
$500 |
Base |
Trade Office Export Education |
$100 |
Base |
Entrepreneurial Network |
$100 |
Base |
Subtotal |
$2,100 |
|
INITIATIVE |
FY 09 Amount |
One-Time or Base Funding* |
Seed Capital Tax Credit |
$3,000 |
Base |
Rural Enterprise MicroLoan Fund |
$3,000 |
One-Time |
Capital for the Initiative Foundations |
$3,000 |
One-Time |
Small Business Product Development |
$500 |
Base |
Minnesota Investment Fund |
$3,000 |
One-Time |
Job Skills Partnership |
$1,000 |
Base |
Subtotal |
$13,500 |
|
INITIATIVE |
FY 09 Amount |
One-Time or Base Funding* |
Update JOBZ Program |
|
|
Community Leadership and Planning |
$750 |
Base |
Streamline Infrastructure Financing |
$100 |
One-Time |
Main Street Minnesota Revitalization |
$3,000 |
Base |
Web-based Marketing System |
$200 |
One-Time |
Marketing Rural Minnesota |
$200 |
One-Time |
Labor Market Information Enhancements |
$150 |
Base |
Subtotal |
$4,400 |
|
INITIATIVE |
FY 09 Amount |
One-Time or Base Funding* |
Business Development Infrastructure |
$20,000 |
One-Time |
Redevelopment Grant Program |
$20,000 |
One-Time |
Bioscience Business Development Infrastructure Grant Program |
$10,000 |
One-Time |
Bonding Total |
$50,000 |
|
Total Investment |
FY 09 Amount |
Developing and Growing Entrepreneurs |
$2,100 |
New Capital for Rural Businesses |
$13,500 |
Sustained Competitive Advantages |
$4,400 |
General Fund Total |
$20,000 |
Bonding Total |
$50,000 |
SEED Total |
$70,000 |
| * | One-Time: One-time appropriation in FY 2009, which begins July 1, 2009. Base: Would become part of the department’s base budget beginning in FY 2009. |