SAINT PAUL, Minn. – A bill to invest more than $100 million in state funds for clean energy innovation projects passed the Senate on Tuesday. The Minnesota State Competitiveness Fund (SF 1622) will allow qualifying entities to apply for grants totaling up to $15 million, while also competing for federal matching funds. In total, entities included in the legislation will be compete for billions of dollars from the federal Infrastructure Investment and Jobs Act (IIJA). The bill passed the Senate overwhelmingly, 39-22, with bipartisan support.
“The State Competitiveness Fund combines more than $100 million in state funding with billions of dollars in federal matching grants,” said chief author Sen. Frentz. “We want Minnesota to compete effectively and fiercely for federal dollars. This funding would be a revolutionary investment for our state, our local units of government, Tribes, higher education institutions, rural cooperatives and electric utilities. With this legislation, we continue to drive Minnesota’s energy economy toward a cleaner, more responsible future. I look forward to seeing the State Competitiveness Fund legislation reach Governor Walz’s desk and be signed into law as soon as possible.”
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