SAINT PAUL, Minn. — Senate President Bobby Joe Champion (DFL — Minneapolis) said that the Minnesota Senate passed the Jobs, Economic Development, and Labor budget bill on Tuesday evening, making historic investments in Minnesota’s communities and positioning Minnesota to be a leader in bioindustrial and semiconductor manufacturing.
“The Jobs and Economic Development budget bill focuses on supporting Minnesotans of all walks of life living across our state — from St. Cloud, to Owatonna, to Mankato, to the Northwest Angle, to the Grand Portage Band of Lake Superior Chippewa, to the Twin Cities metro,” said Senator Champion, chief author of the bill and Chair of the Senate Jobs & Economic Development Committee. “By making critical investments in childcare, workforce, and economic development, we are building an economy that works for all Minnesotans and ensuring that everyone has an opportunity to succeed no matter their race or zip code.
“Importantly, this budget includes the PROMISE Act, a bill I have worked on for several years that will make our state more equitable for marginalized communities and Minnesotans who have been left behind,” added Senator Champion. “The PROMISE Act provides significant investment into North and South Minneapolis, Saint Paul, and Greater Minnesota and focuses on supporting communities, businesses, women, veterans, and organizations of color that could result in positive change for our state.”
Senator Champion also said that the Jobs budget allocates over $350 million as a state match to compete for over a billion dollars in federal and private investment.
“We are moving our state toward exciting and innovative growth in our economy by approaching industrial policy with a strong focus on bringing new-generation technology into our state. With a more than $350 million federal match in this bill, we are positioning Minnesota to lead the nation in semiconductor innovation and bioindustrial manufacturing.”
The Jobs and Economic Development budget bill was combined with the Labor budget bill and passed as a single omnibus bill following conference committee negotiations with the House of Representatives. The bill will need to be passed in the House of Representatives before it reaches Governor Walz’s desk.
Photo courtesy of Senate Media. Description: Senate President Bobby Joe Champion speaks about his bill during a floor debate in the Minnesota Senate.