ST. PAUL, Minn. -- Rural Minnesota small business development is the first major initiative proposed by Gov. Tim Pawlenty for the 2008 legislative session. On Tuesday, Pawlenty outlined SEED -- his Strategic Entrepreneurial Economic Development program.
SEED is a combination of tax credits, loans, grants and other capital assistance to small business owners in Minnesota. Pawlenty will ask the 2008 Legislature to approve and pay the program with $20 million from the state's general fund and another $50 million in borrowed money.
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