Growing prosperity in greater minnesota

ACTION ALERT – Urge the Senate to include GMNP’s workforce housing tax credit in its tax bill!

The Minnesota Senate is expected to unveil its tax bill on Wednesday. At this point, we are cautiously optimistic that the bill will include the GMNP’s workforce housing tax credit proposal (SF 785, authored by Sen. Goggin), but we need you make an extra push!

Action — Legislators need to hear from YOU!
It is critical that GMNP members and their affiliates call or email Senate Tax Committee Chair Roger Chamberlain, Senate Majority Leader Paul Gazelka and your own senator by no later than this TUESDAY AFTERNOON and urge them to include the workforce housing tax credit in their tax bill. Let them know that:

  • The workforce housing shortage is one of the biggest obstacles to economic growth in Greater Minnesota.
  • The workforce housing tax credit (as described in SF 785) is needed to help jump-start the development and construction of middle-income housing in Greater Minnesota.

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Omnibus jobs bills include GMNP priorities

The Senate and House released their omnibus jobs bills this week, and both bills include several economic development priorities for the GMNP. The Senate bill can be found here and the House bill is here.

Here is a rundown on how the our priorities fare:

  • Greater Minnesota Business Development Public Infrastructure (BDPI) Grant Program
    • Senate bill: $1.3 million for FYs 2018-21
    • House bill: $1.3 million for FYs 2018-2020 (excluding an earmark for FY 2018)
  • Workforce housing
    • Senate bill: $3 million a year for the DEED Workforce Housing Program for FYs 2018-21 (this program, which the CGMC/GMNP supported when it was established in 2014, has created 327 market rate units–which many Greater Minnesota communities need–with only $6 million in funding)
    • House bill: $4 million for FY 2018 for a workforce housing grant program targeted at communities with low vacancy rates
  • Job Creation Fund
    • Senate bill: $8 million with adjustments to ensure Greater Minnesota businesses get access to the fund
    • House bill: $5 million a year for FY2018-19 and $6.5 million for 2020-21 focused on counties with an annual employment rate equal to or greater than the state average
  • Minnesota Investment Fund
    • Senate bill: $12.5 million a year for FYs 2018-19 and $13.5 million for 2020-21
    • House bill: $12 million in FY 2018 (with $4.7 million in earmarks) and $11 million in FY 2019-21
  • Job Training Incentive Program
    • Senate bill: $900,000 a year for FYs 2018-19
    • House bill: $1.36 million for FY 2018, $2.36 million for FY 2019, and $900,000 a year in 2020-21
  • Border-to-Border Broadband Development Grant Program
    • Senate bill: $10 million a year in 2018-19
    • House bill: $7 million in FY 2018