Minnesota’s 92nd legislative session ended their 2021 regular session on May 17th without a budget. The Governor and Legislative leaders instead released a budget framework with a target of $52 billion for the next biennium. Lawmakers worked for four weeks on final details largely outside of the public eye until they convened a special session on June 14th. All spending bills were passed and signed into law by June 31st.
The need for a special session was largely due to a late infusion of funding from the American Rescue Plan Act (ARPA) that was signed into law by President Biden on March 11, 2021. Roughly $8.5 billion was allocated in the bill to the State of Minnesota for various programs.
A final budget of $52 billion was signed into law on June 31, 2021. This biennial budget is an increase of approximately $1.3 billion over the previous budget – much of that one-time funding from ARPA. Included in the bill are direct tax cuts of $644 million to people who lost jobs and employers who kept people working during the pandemic.
Paycheck Protection Program
The final tax bill included full conformity to federal tax law with regards to the Paycheck Protection Program at a cost of roughly $375 million in fiscal year 2022. Businesses and organizations that received PPP loans will not be subject to either federal or state income tax on the amount of the loan received.
Continue reading “2021 (Special) Legislative Session Recap”
Today, Governor Tim Walz announced Executive Order 20-96 (click the link for full details) , taking effect on Friday, November 13 at 10 p.m. (CST). The announcement amends Executive Order 20-74 with specific steps for social gatherings and guidelines for bars and restaurants.
In general, the order calls for the following measures:
- Limits all social gatherings (indoor or outdoor) to 10 people and all social gatherings involving members of more than 3 households (regardless of the size of the gathering).
- Bars, restaurants, food courts, cafes, coffeehouses, taverns, brewery taprooms, wineries, golf courses and clubs, dining clubs, tobacco shops, and other places of public accommodation offering food, beverages, tobacco products for on-premises consumption, are required to close by 10 p.m. every day, starting Friday, November 13. Delivery service, or curbside pick up options already in place for certain industries in this group is still allowed.
- Venues that host celebrations, receptions, and gatherings will be capped at 50 people, effective November 27 at 10 p.m.
- No bar seating service.
- This figure is reduced to 25 people on December 11 at 10 p.m.
The Governor also announced a proposal for $10 million in additional funding to businesses that have already applied for relief through the Small Business Relief Grant Program. This program provides $10,000 grants to impacted businesses.
Today Governor Walz announced a new EO-20-81-Final implementing a statewide requirement to wear facial coverings when inside indoor businesses and indoor public settings. This requirement will be effective beginning July 25. You can find general information and FAQs on the mask mandate here. In addition, below are FAQs provided by the MN Department of Employment and Economic Development relating specifically to business questions. Continue reading “Governor Walz Announces Statewide Indoor Mask Mandate”
The Minnesota Department of Employment and Economic Development (DEED) has announced that the Minnesota Small Business Relief Grants Program – which was approved by the Minnesota Legislature last week and signed by Governor Tim Walz on Tuesday – will begin accepting applications next week. Continue reading “Small Business Relief Grants Program to Begin Accepting Applications on June 23”
The Small Business Administration’s Economic Injury Disaster Loan Program (EIDL) is now reopened for all eligible business to apply for the $10,000 grant advance and loan. The program was previously closed for new applications for a period of time due to a funding lapse. Businesses can get more information and apply for this program here.
The US House and Senate have passed the Paycheck Protection Program Flexibility Act. This bill grants more time for PPP loan recipients to spend the funds and reduces the amount of funds that must be spent on payroll and still qualify for forgiveness of the loans. President Trump is expected to sign the bill. Continue reading “Congress Passes Bill Providing Paycheck Protection Program Flexibility”
Today Greater Mankato Growth sent a letter to Governor Walz respectfully requesting that he allow all businesses the opportunity to reopen in a way that is safe, sustainable, and equitable with their peers. You can read the letter here.
Greater Mankato Growth is also looking for members to film a video testimonial to the Governor explaining how your business can open safely. Please contact Patrick Baker (email@example.com) for more details.
Governor Tim Walz today announced a new executive order that would allow for additional businesses to reopen effective June 1 (Phase II). The governor additionally outlined additional phases (Phases III & IV) that will be coming in the future as the state continues to reopen businesses and other activities, however the timeline for when those phases will go into effect is not yet known.
Clarification was also provided that effective immediately, youth sports can conduct practices of up to 10 people, but that games would not be allowed until the next phase of openings. Continue reading “Gov. Walz Announces Additional Business Reopenings for June 1”
Governor Tim Walz today announced a series of new executive orders and future actions that would:
- End the Stay at Home Order as scheduled on May 18, replacing it with a Stay Safe Order. Gatherings up to 10 people will be permitted.
- Will allow all retailers to open to in store customers at reduced capacity effective May 18.
- Allow restaurants, salons, fitness centers, and other entertainment venues etc. to open June 1 under restrictions to be announced on May 20.
- Protect workers from unsafe working conditions and retaliation.
Continue reading “Governor Walz Announces Additional Business Openings & Stay Safe Guidance”