Senate Taxes Committee recommends passage of bill extending Minnesota PTE tax election through 2029 The Senate Taxes Committee voted 9-0 on March 5, 2026, to recommend Senate File 3405, extending the state's pass-through entity (PTE) tax election through 2029 (provision expires 2030). Supporters said the change is revenue-neutral for Minnesota and provides certainty to thousands of small businesses.

The Minnesota Senate Taxes Committee has unanimously backed a bill to extend the crucial PTE tax election, ensuring stability for over 66,000 small businesses until 2029.

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#MN #RevenueNeutrality #TaxPolicy #CitizenPortal #MinnesotaBusinesses #SmallBusinessSupport

House committee hears testimony on economic harm to Minnesota businesses from federal enforcement Lawmakers heard testimony that recent federal immigration enforcement (described in testimony as "Operation Metro Surge") chilled consumer foot traffic and reduced staffing at small businesses statewide, while the administration proposed a $10 million forgivable‑loan package to help affected businesses. Witnesses and philanthropic groups described immediate revenue losses, grant programs, and lingering workforce risks.

Federal immigration enforcement is shaking up Minnesota's economy, causing significant revenue losses for small businesses and prompting urgent calls for financial relief.

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#MN #CitizenPortal #MinnesotaBusinesses #EconomicHarm #WorkforceIssues #ImmigrationEnforcement

Study reveals disparities in minority women-owned business contracting opportunities Report highlights barriers faced by minority-owned firms in public sector contracting.

The Minnesota Metropolitan Council is taking bold action to bridge the alarming gap in public contracting opportunities for minority and women-owned businesses, revealing a pressing need for change.

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#MN #CitizenPortal #EquityInContracting #MinnesotaBusinesses #AccessToCapital

Met Council evaluates minority business participation amid disparities in contract allocations Met Council discusses efforts to improve minority and women-owned business contract participation rates.

The Minnesota Metropolitan Council is taking bold steps to close the gap in contract opportunities for minority and women-owned businesses, but is it enough?

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#MN #WomenOwnedEntrepreneurship #CitizenPortal #EquityInProcurement #MinnesotaBusinesses #MinorityBusinessSupport

Minnesota allocates $42.5M for neighborhood business grants over two years Minnesota invests $42.5 million in grants to support businesses across various neighborhoods.

Minnesota is taking bold steps to revitalize its economy with a groundbreaking $42.5 million grant initiative aimed at empowering small businesses in underserved neighborhoods.

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#MN #EquityInitiatives #EconomicDevelopment #CommunitySupport #CitizenPortal #MinnesotaBusinesses