Business News & Updates

2023 Minnesota Legislative Summary
Business Blog Theresa Swaney Business Blog Theresa Swaney

2023 Minnesota Legislative Summary

The Minnesota legislative session wrapped up last Monday with a historic set of new policies and record-breaking funding allocations, including millions of dollars to support businesses and nonprofits in the Lake Street corridor. We applaud Representative Hodan Hassan and Senator Zaynab Mohamed for their leadership in advocating for our resilient community.

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Urgent Action Needed: Ask the Minnesota Legislature to fund redevelopment along Lake Street
Business Blog Theresa Swaney Business Blog Theresa Swaney

Urgent Action Needed: Ask the Minnesota Legislature to fund redevelopment along Lake Street

The Minnesota legislature has negotiated a funding package that will likely be voted on TODAY, Friday, May 12th, by the Jobs and Labor Conference Committee. The omnibus SF3035/HF3028 bill would make a historic investment of over $100 million toward economic development for small businesses in the Twin Cities metropolitan area.

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HF 3028 would boost the capacity of organizations like the Lake Street Council
Business Blog Theresa Swaney Business Blog Theresa Swaney

HF 3028 would boost the capacity of organizations like the Lake Street Council

We believe that HF 3028 will foster a stronger, more flexible approach to economic development by expanding the capacity of local community and business groups across each commercial corridor through direct funding allocations, which enables recovery and revitalization to be driven at the local level by local partners. One of these community partners would be the Lake Street Council, which HF 3028 identifies as being a potential recipient of a $10.85 million allocation.

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2023 Legislative Priorities
Business Blog Theresa Swaney Business Blog Theresa Swaney

2023 Legislative Priorities

There is still more to rebuild and more local businesses and nonprofits that need support. That is why the Lake Street Council is calling on Minnesota legislators to invest directly in our We Love Lake Street program this session.

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