State competitiveness fund

Senator Nick Frentz’s State Competitiveness Fund Invests State, Federal Funds in Clean Energy Future

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.