Greater Minnesota business development public infrastructure grant program funding provided, bonds issued, and money appropriated.

HF 334 appropriates $20 million in state bond proceeds to fund public infrastructure grants for businesses in Greater Minnesota (outside the Twin Cities metro area). The bill authorizes the state to issue up to $20 million in bonds to finance these grants under Minnesota Statutes § 116J.431. The grants will support business development projects requiring public infrastructure improvements like roads, utilities, or site preparation. This funding directly affects eligible businesses and economic development agencies in Greater Minnesota by providing capital for infrastructure upgrades.