February 28, 2018
The Minnesota Investment Fund provides financial support for business projects intended to create or retain jobs, but its impact is unclear. The Legislature should amend state law to help ensure that participating businesses actually need this assistance to expand. In addition, the Department of Employment and Economic Development should adopt criteria regarding the size of the loan a business can receive and whether the business will have to repay it.
Office of the Legislative Auditor ♦ Room 140, 658 Cedar St., St. Paul, MN 55155