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McCollum Community Projects for St. Paul Small Business Development Included in Financial Services Appropriations Bill

June 29, 2021
Press Release
Fiscal Year 2022 Financial Services and General Government bill advances to House Floor

The House Appropriations Committee approved the Fiscal Year 2022 Financial Services and General Government bill and report today, including two Community Project Funding (CPF) requests made by Congresswoman Betty McCollum (DFL-Minn.) to benefit Minnesota’s Fourth Congressional District:

  • Project: Neighborhood Development Center, St. Paul ($1,000,000)

NDC’s Small Business Incubator Project will ensure BIPOC business owners have space within their own neighborhoods to successfully run their business. In addition, NDC’s Training Center will allow NDC to support other organizations across the state and nation as they learn the NDC model of community/economic development and how it can be applied in their communities. NDC will direct these funds to five projects in the District.

  • Project: Local Initiatives Support Corporation (LISC) Twin Cities Creative Placemaking, St. Paul ($1,000,000)

LISC Twin Cities seeks to support the critical creative economies in St. Paul. This funding will support: 4-5 grants of $200,000-$250,000 to four cultural districts in St. Paul in which LISC is currently working: Little Mekong, Little Africa/Midway, Frogtown/Rondo, and East 7th Street. This funding will support the creation of small business incubator space, affordable commercial space, and community arts and event space. Funding will also be used to prioritize culturally focused business development and technical assistance for BIPOC entrepreneurs and community organizations, as well as produce a guide for businesses on using the arts to boost business and work with artists, with a flip side for artists on working with businesses.

Congresswoman McCollum released the following statement:

Small businesses in St. Paul are driving entrepreneurs and creating jobs, especially in the creative economy,” Rep. McCollum said. “By partnering with NDC and LISC Twin Cities to focus on historically-excluded small businesses, we have an exciting opportunity to strengthen community, expand opportunity, and boost our cultural and arts districts in St. Paul. These federal resources are an important step forward to promote economic development in St. Paul neighborhoods.”  

Congresswoman McCollum helped defeat a proposed Republican amendment to the bill that would have cut millions in American Rescue Plan funds from the city of St. Paul, St. Paul Public Schools, and Ramsey County – preserving funds that are vital for our families and our communities in the Fourth District.

Overall, the FY 2022 Financial Services and General Government appropriations bill includes $29.1 billion in funding, an increase of $4.8 billion over 2021. The legislation:

  • Assists small businesses and entrepreneurs through the Small Business Administration and Community Development Financial Institutions
  • Protects our democracy with Election Security Grants to ensure the integrity and safety of our elections
  • Rebuilds the Internal Revenue Service to finally crack down on big corporations and the wealthy who aren't paying their fair share and to provide better customer service to working families navigating the tax system
  • Supports working and middle-class families by increasing funding for consumer protection activities at the Consumer Product Safety Commission and the Federal Trade Commission
  • Confronts the climate crisis by providing funding to start the transition of the Federal vehicle fleet to electric and zero emission vehicles

The bill next heads to the floor of the U.S. House Floor for debate and approval.

A summary of the bill is here. The text of the draft bill is here. The bill report is here. In keeping with the Appropriations Committee’s commitment to transparency, information on Community Project Funding in the bill is here.

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