>> ECONOMIC >> DEVELOPMENT COMMITTEE TO ORDER WE HAVE SOME BUSINESS TO DO TODAY I WAS JUST THINKING WE DON’T HAVE NOTES FROM THE LAST. >> READING BECAUSE IT WAS NOT AND I DON’T BELIEVE IT WAS AN OFFICIAL MEETING IT WAS THE AREA. WE TOOK NO ACTION THAT HAS MEANT THAT I’M PROVEN WRONG BY MY COMMITTEE ASSISTANT WE DON’T WE DO NOT HAVE MINUTES; CORRECT >> CORRECT MISTER CHAIR >> SHOW HEAVY SAID GOOD MORNING TO ALL THE 2 ARE MY AND BY WHOM I I HAVE BEEN HAVING NOTHING BUT PROBLEMS WITH MY COMPUTER SO WHY NOT EXPECT IT SO WE’LL CONTINUE ON. WE THE DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT WITH US TODAY. I’M HOPING THAT THEY CAN GIVE 1520 MINUTES KIND OF WALK THROUGH OF WHAT HAS BEEN DONE WHAT WE’VE DONE MUCH TO THE JOB DONE FOR A LONG PROGRAM WHO’S BEEN SERVED WHO’S NOT CONCERNED. AND AS WE ALWAYS SAY IT’S ALWAYS DEFENSE FALL; SO WE’LL JUST BLAME THEM FOR ANY MISTAKES IS THERE SOMEONE FROM THE DEPARTMENT AND WOULD YOU IDENTIFY YOURSELF >> ALL REPRESENT HIM UP ON IT SAID KEVIN MCCANN DEPUTY COMMISSIONER OF ECONOMIC DEVELOPMENT >> GOOD MORNING; KEVIN YOU IDENTIFY YOURSELF FOR THE TAPE AND PLEASE PROCEED >> I THANK YOU. MISTER AGAIN MY NAME IS KEVIN MCCANN IN DEPUTY COMMISSIONER FOR ECONOMIC >> AND A PLEASURE TO BE HERE WITH YOU THIS MORNING TO TALK ONE JUST AN UPDATE AND SOME OF THE FEDERAL PROGRAMS AND WHAT MIGHT BE IN STORE FOR OUR BUSINESSES. AND THEN GIVE YOU AN UPDATE ON A COUPLE PROGRAMS THAT WE HAVE AS A RESULT OF A PREVIOUS ACTIONS. AND THAT WILL HOPEFULLY INFORM >> INFORM YOU OF WHERE WE >> AT TODAY WHAT TO. >> THE WORK OF SOME FOR LENDERS HAVE BEEN. >> SO ALL STARTED WITH THE FEDERAL ALL PROGRAM AND YOU KNOW WHEN THIS ALL STARTED WE WORKED VERY CLOSELY WITH THE SBA TOO WORK ON THE DECLARATION OF A DISASTER DECLARATION FOR THE STATE AND AS WE’RE PART GETTING SOME OF THESE FEDERAL RESOURCES HERE AS QUICKLY AS WE COULD. AND THEN ALSO HELPING TO FACILITATE A LOT OF THE TRAINING. THE FDA IS DONE SO. AS OF THERE 3 PROGRAMS THAT I JUST WANT TO TOUCH ON FROM S P A THE FIRST IS THE PAYCHECK PROTECTION PROGRAM AND THIS IS PROGRAM IN WHICH BUSINESSES ARE ELIGIBLE FOR UP TO MILLION OF AS LONG AS 75%. OF THE FUNDING IS USED FOR PAYROLL UTILITIES RENT THOSE TYPES OF EXPENSES THEY ARE ELIGIBLE TO BE FORGIVEN. OVER THE 8 WEEKS. AND SO IN THE FIRST ROUND OF FUNDING THAT WE THAT THE THAT WAS SAID THAT MINISTER THE 46;000 MINNESOTA BUSINESSES TOOK ADVANTAGE OF BOOK BILLION THE 350 BILLION THAT WAS ALLOCATED TO THE PROGRAM THE AVERAGE LOAN WAS ABOUT 200;000 HER THERE’S BEEN SOME RECENT ACTION. IN THE ANOTHER 310 MILLION ARE SORRY BILLION HIS IN THE ALLOCATED TO THAT WE BELIEVE ABOUT BASED ON OF THAT PREVIOUS ROUND WE BELIEVE ABOUT 35 1000 GOOD TOO ADVANTAGE OF THAT IN THE BOOK BILLION. AND THAT’S BEEN A PRETTY SUCCESSFUL BASICALLY ABOUT A 3RD OF A ALL BUSINESSES WITH LESS THAN 500 HIM BOYS IN MINNESOTA GOT TO TAKE ADVANTAGE OF THAT THAT WAS GENERALLY AVAILABLE MINNESOTA HAS 400 SBA I’M CERTIFIED LENDERS ACROSS THE

STATE AND SO THEY WORKED QUICKLY TO GET THE GET THOSE FUNDS OUT THERE ARE ALSO SEVERAL GROUPS. NONPROFITS THAT ARE ALSO ALSO HAD FOR THAT IN THE SECOND PROGRAM THAT ELTON JOHN IS THE ECONOMIC INJURY DISASTER LOANS. THIS A PROGRAM OR A MILLION DOLLARS IS AVAILABLE FOR BUSINESSES. BASICALLY FLEXIBLE FINANCING THAT DOES COME WITH. SOME INTEREST ABOUT 3 AND A HALF PERCENT OR 3.7 PER CENT. BUT IT’S BASED OVER A TERM OF 30 YEARS IN THE FIRST THERE WAS ABOUT BY BILLION IS STARTING TO THAT PROGRAM MINNESOTA HAD 300 BUSINESSES THERE SO THEY TOOK ADVANTAGE OF IT. RECEIVED ABOUT $66 MILLION THE AVERAGE LONG FOR THAT PROGRAM AS WELL WITH THE BOOK 200;000. IN THE IN THAT ALSO LET’S JUST ASK CONGRESS. THERE’S AN ADDITIONAL $50 TO SIGN THIS PROGRAM ALSO BASED ON THE PREVIOUS UP ESTIMATE MAYBE ABOUT 3;000 BUSINESSES WOULD BE TAKING ADVANTAGE OF THE BOOK MILLION HERE AND IN MINNESOTA. THAT PROGRAM IS AVAILABLE DIRECTLY THROUGH. THE SBA DISASTER TEAM IN THE 3RD THAT THAT JOHN IS THE IDOL THIS GRAHAM WHERE YOU ARE ULTIMATELY APPLYING FOR. ECONOMIC INJURY DISASTER LOANS ARE IDLE AND YOU CAN REQUEST IN ADVANCE OF UP TO $10;000. IT’S REALLY BASED ON THE NUMBER OF THAT YOU IN THE FIRST AROUND THERE WAS BILLION IN THAT PROGRAM. ABOUT 10;000 BUSINESSES AND MINNESOTA TOOK ADVANTAGE OF THAT. FOR A BOOK MILLION. THE AVERAGE LOANS ABOUT THE AVERAGE ADVANCED THE BOOK $5;000 OR SO IN THE SET IN ROUND WE WOULDN’T US 8 SOMETHING LIKE 30;000 MINNESOTA BUSINESSES WITH ACCESS TO A MILLION >> AT THAT >> BECAUSE THERE IS AND BILLION DOLLARS ASSIGNED TO THAT THAT PROGRAM INTERESTING WAY OUT OF THE BILLION THAT’S ASSIGNED TO THE PAYCHECK ACTION PROGRAM THROUGH THE SBA BILLION OF THAT IS THE SIGN FOR COMMUNITY LENDERS THESE SOME OF THE NONPROFIT WE HAVE ACROSS THE STATE. I KNOW THE COMMUNITY REINVESTMENT FUND. I BELIEVE MEDIA AND A FEW OTHERS ARE 70 LENDERS THAT THE THAT WOULD HAVE ACCESS TO THAT ANOTHER $30 BILLION OF THAT 310 IS ASSIGNED TO CREDIT UNIONS AND SMALLER AND MIDSIZED WHICH WHICH ALSO COULD BE HELPFUL FOR RURAL AREAS. SO THAT’S A BIT OF UPDATE ON THE FEDERAL PROGRAMS THE WE’VE RECEIVED HERE IN IN MINUTES; SO TO AND WE’RE HOPEFUL THOSE RESOURCES CAN WILL GO TO A YEAR IN MINNESOTA AS WELL WHEN THE AND THAT ULTIMATELY GETS WHAT A PROGRAM THAT I WANT TO TALK TO YOU IS THE SMALL BUSINESS EMERGENCY LOAN PROGRAM THIS WAS A PROGRAM LEGISLATURE. ASKED A FEW WEEKS BACK IT OUT GET $30 MILLION TO BE. AND ALL THE MONEY WAS TO BE USED FOR BUSINESSES THAT WERE AFFECTED EXECUTIVE ORDERS; 2420 OR 8. AND THESE RESTAURANTS OTHER GATHERING AND JUST FOR YOUR EDIFICATION WE BELIEVE THERE’S ABOUT 16;000 BUSINESSES THAT THAT WERE AFFECTED BY THIS ORDER AS A LIKELY NO SURPRISE TO YOU MOST OF THOSE BUSINESSES HAVE LAID OFF THEIR FOOD PREPARATION AND IN THAT CATEGORY OF LAYOFFS IS ABOUT IN OUR STATE OR ABOUT 20% OF THE TOTAL. LAYOFFS THAT WE’VE HAD IN THE AND SO. WE NEED ACT QUICKLY TO GET THAT MONEY

OUT AS QUICKLY AS WE COULD. AND SO WHAT WE DID WAS WE DECIDED TO USE THEIR EMERGENCE AIR CARRIER EMERGING AND THERE. ALL LOAN PROGRAM LENDERS TO HELP US GET THIS THESE LENDERS GEOGRAPHIC AND CULTURALLY DIVERSE A YEAR IN MINNESOTA AND REALLY DONE A GREAT WORK FOR US GETTING THAT TO GETTING THAT MONEY FLOYD WORKING IN THE COMMUNITIES THAT THEY ARE PART OF AND SO TO DATE WE HAVE WE’RE ABOUT TO ALLOCATE ALL OF THE $30 MILLION TO ARE LENDERS ACROSS THE STATE AS YOU THESE LENDERS HAVE ALSO RECEIVED FAR MORE APPLICATIONS THAN THEY CAN ACTUALLY FALL AND. WITH THE MONEY THAT WE AND SO THEY HAVE ALL RAMPED UP QUICKLY TO BE ABLE TO DEAL WITH THE BALL YOU OF APPLICATIONS; BUT THEN ALSO THE VOLUME OF LOANS THAT ARE TO BE A BOY ORGANIZATIONS. THE GATE QUICKLY AND WERE ABLE DEPLOY THIS A VERY QUICKLY. OTHERS TOOK A LITTLE BIT OF TIME TO RAMP UP AND ARE NOW FINDING THEIR STRIDE IF YOU WILL AND PRETTY QUICKLY NOW. AND SO I KNOW THERE’S A FEW OF THEM ARE TODAY SO I WOULD LIKE TO PERSONALLY THANK AND THING GO ALL THE OTHERS THAT WORK SO HARD FOR US TO GET THIS MONEY OUT THERE DOING GREAT WORK IN THE COMMUNITIES AND WE REALLY APPRECIATE SO AS OF NOW AS OF YESTERDAY ACTUALLY WE’VE GOT ABOUT 560 LOANS. WE’VE DEPLOYED ABOUT MILLION OF THAT 30 MILLION JUST FROM A GEOGRAPHIC PERSPECTIVE ABOUT 50. THE PERCENT OF THOSE LOANS HAVE GONE TO. BUSINESSES IN GREATER MINNESOTA AND ABOUT HERE IN THE TWIN CITIES >> ALSO MENTION THAT WE A VARIETY ETHNICALLY BASED ORGANIZATIONS WHERE LENDERS IN THE EMERGING ENTREPRENEUR THEY TOO HAVE DONE GREAT WORK. ABOUT A 190 LOANS BETWEEN THOSE ORGANIZATIONS ARE ABOUT 33%. AND MOST OF THOSE ORGANIZATIONS WORK ALMOST EXCLUSIVELY WITH THE ETHNIC GROUPS THAT THEY SERVE >> JUST TO GIVE A LITTLE SENSE OF >> WHERE THE MILLION >> WENT ALL WE HAVE A RIGHT THE OF LENDERS AS I WINDOW CAME OUT OF THE PRETTY QUICKLY THE MET. WELL THAT COMIC DEVELOPMENT ASSOCIATION OR MEDIA RECEIVED A BOAT 2.7 MILLION AS OF TODAY AND PROCESSED ALMOST 75 LOANS. THERE AND TOP LENDER AS OF OTHER OTHERS IN THAT TO CATEGORY THE ENTREPRENEUR FUND UP IN DULUTH. CENTRAL MINNESOTA OF CORPORATION SOUTHWEST INITIATIVE FOUNDATION. THESE ORGANIZATIONS CAME OUT VERY APPALLED MORE THAN 50 LOANS EACH AGAIN FROM FROM A A WE’VE GOT LENDERS AND THE INTERSTATE WILL YOU BE A WITCH IS REGIONAL DEVELOPMENT COMMISSION THAT ABOUT 30 LOANS UP IN CENTRAL NBC OBVIOUSLY SERVING A YEAR IN THE ALMOST 40 LOANS. AFRICAN DEVELOPMENT CENTER HAS DONE A OVER 3630 36 LONG AND THEN OTHER ORGANIZATIONS LIKE GREATER BEMIDJI THE NORTHLAND FOUNDATION. THE CENTRAL MINNESOTA MICHIGAN FOUNDATION CCB AFRICAN ECONOMIC DEVELOPMENT LATINO ECONOMIC CORPORATION WOMEN VENTURE ALL PROCESSING WAS VERY VERY VERY WITH IT AND SO AGAIN WE APPRECIATE THEIR SOME IT IS A SHUNS AS I MENTIONED

IT RECEIVED UPWARDS OF 2 MILLION 2 AND A HALF MILLION THERE ARE OTHER ORGANIZATIONS WITH A LITTLE LESS CAPACITY RECEIVED ANYWHERE FROM $350;000. TO CLOSER TO A MILLION SO AS I 560 LOANS MILLION WORTH OF FINANCING THAT 30 DEPLOYED AND VERY SHORTLY HERE. OUR LENDERS WILL HAVE A ALL OF THE $30 MILLION THAT WAS ALLOCATED TO BE ABLE TO ANSWER SOME QUESTIONS IF THERE ARE OR HERE IN A SECOND ON THAT PROGRAM THE 3RD PROGRAM THAT RECEIVED WAS THE SMALL BUSINESS LOAN GUARANTEE PROGRAM. AND THIS WAS IT MILLION APPROPRIATION LEGISLATURE PROVIDED AND IT PROVIDES AN 80% LOAN GUARANTEE. FOR PRIVATE LENDERS ESSENTIALLY WE HAVE ENROLLED I’M ABOUT 70 LENDERS ALL ACROSS THE STATE THESE ARE BANKS CREDIT UNIONS NONPROFITS AND TODAY WE’VE DONE 6 LOANS TO FOR ABOUT $325;000 IN GUARANTEED. $264;000 OF THESE LOANS. ACTIVITY IS STARTING TO PICK UP A LITTLE WE’VE PRIMARILY A NONPROFIT MOST THESE ME AT A BANK. A COMPLETE ONE HERE RECENTLY. WE’RE REALLY ENCOURAGING OR NONPROFITS TO HIM SO THEY CAN USE THEIR OWN OTHER LOAN PROCEEDS A FOR THIS AND WE AREN’T HE SOME OF THEIR SOME OF THEIR A LOAN PROGRAMS WITH THIS AND AS YOU KNOW SOME OF THEM SOME FAIRLY SUBSTANTIAL WARM PROGRAMS THAT A LOCAL LEVEL. IT’S IMPORTANT TO KNOW THAT THE LENDERS DETERMINE THE TERMS. ON ON THIS PROGRAM AND SO IT HAS REALLY NOTHING TO DO WITH SO DETERMINED BY BY THE LENDER MOST OF OUR LENDERS ARE IN GREATER MINUTES; SO THINK WE ONLY HAVE 15 OR 20 OF THE LENDERS THAT ARE BASED HERE IN THE IN THE TWIN AND AS I THINGS ARE STARTING TO PICK UP A LITTLE BIT. AND AND WE’LL SEE MORE CONSIDERING THIS SO THE WAY BASICALLY IT’S A $100;000. A BANK OR A NONPROFIT MAKES A $100;000 LOAN IT’S PAYBACK TO THE BANK AND SHOULD THAT LOAN WE WOULD THAT LENDER WITH TO 80% OF THAT LOAN OR $80;000 SHOULD THAT LOAN GO BAD SO SO TO 2 PROGRAMS TRIED TO GET THESE OBVIOUSLY AS QUICKLY AS WE JUST MEANT AND AGAIN OUR AND YOU’LL HEAR FROM SOME OF THEM HERE THIS MORNING I THINK HAVE JUST BEEN GREAT WORK FOR US. AND WE WE APPRECIATE ALL THAT THEY HAVE DONE FOR US SO I’D BE HAPPY TO. ANSWER ANY QUESTIONS AT THIS TIME OR WERE JUST SIT AND LISTEN ROLLINS QUESTION RECORD I REPRESENT A HUGE >> THANK YOU MISTER CHAIR; GOOD MORNING MEMBERS. THANK YOU MISTER CANNON FOR BEING HERE AND FOR ALL YOUR HARD WORK AND YOUR COLLEAGUES THAT HE TRULY GRATEFUL FOR EVERYTHING THAT YOU GUYS ARE DOING AND HOW QUICKLY STOOD UP THE PART OF THAT AS WELL REALLY GREAT WORK BY THE DEA FOLKS OF THANK YOU I DO WANT TO TALK FOR JUST A QUICK MINUTE; SOME QUESTIONS ABOUT THE EMERGENCY LOAN PROGRAM DAVIS READING A COUPLE HOW WAS IT DETERMINED HOW MUCH EACH LENDER IN THE PROGRAM WAS ALEC HEY DID AND WHAT PERCENT ARE THE LENDERS GETTING FOR PROCESSING ALONE AND WHAT SORT OF RECORDING. WHEN WE DIE AND THEN SECONDLY YOU ALSO MENTION THAT 50% OF THE THAT HAS BEEN ALLOCATED 70 MILLION SO FAR HAS KIND TOO. GREATER MINNESOTA AND 15% TO TWIN CITIES WHICH I AND I APPRECIATE IT BUT AS A SUBURBAN LEGISLATOR; I WOULD LIKE A LITTLE MORE NUANCE AND THAT YOU COULD MAYBE OFFLINE GET TO ME HOW MUCH OF THAT IS ACTUALLY

GOING TO SUBURBS AND X URBAN AREAS HAS IN TALKING TO MY CONSTITUENTS; MANY MANY TIMES A VERY FEW HAVE GOTTEN THIS OPPORTUNITY AND SO I JUST LIKE TO FOR THEIR NEW LIVES; HOW IT’S BROKEN DOWN IN THE METRO AREA. THANK YOU >> AND MISTER REPS IN SO INITIALLY WE FUNDING KNOW WHO THEY ARE THE LENDERS JUST ABOUT OF THE 22 LENDERS THAT WE DO HAVE A BOAT. >> 19 OF THEM; I BELIEVE RECEIVED. $1.1 MILLION AND THAT A MILLION DOLLARS FOR LOANS $100;000 FOR ADMINISTRATIVE SEATS SO THE RECEIVE 10% OF THE LOANS. FOR ADMINISTRATIVE PURPOSES NOW THERE’S A COUPLE THINGS TO KEEP IN MIND AND WITH NUMBER ONE OBVIOUSLY THERE’S A LOT OF WORK. IT GOES INTO THIS ON BEHALF OF THE LENDERS TO NOT DO THE APPLICATIONS AND TAKE AND CLOSE THAT THEN OBVIOUSLY THE MONITORING AND THE WORK THAT THEY HAVE TO PRIMARILY WITH A LOT OF THEIR BORROWERS WITH GATHERING THE INFORMATION AND THEN AFTERWARDS ALL OF THESE LENDERS ARE GOING TO CONTINUE TO SERVICE ITS LONG AND AND SO BASICALLY THE WAY THAT IT SET UP IS IN 2 YEARS IF THE BUSINESSES COME BACK TO SUBSTANTIALLY THE SAME OPERATIONS THAT PRIOR TO THIS. 50% OF THAT LONG CAN BE FORGIVEN. THE REMAINDER OF THOSE LOANS ARE AMORTIZED OVER ANOTHER 3 YEARS AND SO 5 YEAR LONG AND SO THEY’RE GOING TO BE SERVICING THOSE LAWS AND WORKING WITH THOSE BORROWERS AS WELL AS AS THEY COME OUT OF THIS AND BE HAPPY OR SEE WHAT I CAN DELIVER AS FAR AS. SUBURBS ARE X HERBS >> I DO KNOW >> WE WILL BE REPORTING I BELIEVE THAT ITS QUARTERLY AND SO AT THE END OF JUNE WILL HAVE THE MORE THOROUGH BUSINESSES WHERE A LOT OF THAT WHEN AND 2 IN AND I DO HAVE BASED AS OF LAST WEEK. SORT OF A BREAKDOWN OF WHICH. IN THE STATE HAS RECEIVED THE LOANS BUT THEY DO NOT HAVE FOR THAT TWIN CITIES IF YOU WILL FOR THE FOR THE SUBURBS EXPERTS BUT. I CAN SEE WHAT WE CAN DO A AND DELIVERING THAT I’M GENERALLY IN THE WEEK. I GET A REPORT ON WHAT THAT LOOKS AND I’D BE HAPPY TO SHARE YOU MISTER CHAIR TODAY >> AND THANK YOU SO MUCH; THANK YOU FOR ALL YOUR HARD >> IF YOU REPRESENT ROBBINS AND I’M CERTAIN I’M NOT SURE IF ANSWERED EVERY QUESTION MAY HAVE MISSED ONE IN THERE; BUT >> THANK YOU THANK YOU. ANY OTHER QUESTIONS. ANY OTHER QUESTIONS I HAVE ONE POT AND WELL IS THERE A ARE THERE OTHER MEMBERS OF THE QUESTIONS >> MISTER CHAIR; THERE ARE NO OTHER QUESTIONS AT THE MOMENT REP JOHN THANK YOU. THE OFFER >> QUESTION OFF TO THE COMMISSIONER THE QUESTION I C E MAIL LAW ALL THERE ARE 4 ORGANIZATIONS MADE LOANS LEECH LAKE MOMENT PARTNERSHIP. OUR QUESTION ISSUE OUR NATION AND THE ECONOMIC. BUT WHEN THE OR HE SHOWED ME WHY THEY HAVE I’VE BEEN ABLE TO. GIVE ON THE LONG AT

THEN THEY SHOWED UP IT ISN’T THAT NEEDLE. SO WHAT IS THE REASON WHY I MISTER MCKENNA >> AND MISTER CHAIR OF THE A J AND JUST A VERY QUICK UPDATE. ON THAT AND YOU KNOW GET YOUR GUESS THERE WERE 4 LENDERS THAT HAD YET PROCESS LAWNS >> THIS LEECH LAKE FINANCIAL SERVICES HAS DONE SOME AS AS THE THE MINUTE SOME LOANS AND WE HAVE APPROVED THEM. AND MIA AS WELL HAVE BEGUN TO PROCESS THEIR IN FACT AS OF THIS WEEK HAS SUBMITTED 11 THAT WE’VE APPROVED. AND THE NORTHWEST INITIATIVE FOUNDATION HAS ALSO TO PROCESS LOANS AMONG AMERICAN PARTNERSHIP YOU ARE CORRECT. AND WE’RE FOR SOME INFORMATION FROM THEM >> I WOULD THAT THERE’S PROBABLY A COUPLE REASONS WHY I’M. SOME OF THE LENDERS EXPERIENCE IN THE INTERIM URGING ENTREPRENEUR AND THIS ISN’T A BIG PART OF WHAT THEIR ORGANIZATIONS DO. AND SO IT TOOK SOME TIME FOR THEM TO GET UP AND RUNNING. AND AND SOME OF THESE ORGANIZATIONS MAY ONLY HAVE ONE STAFF WOMAN ASKED STAFFS >> THAT ARE ABLE TO PROCESS A PROCESS THESE THINGS. >> FURTHERMORE THE OF A LONE COMMITTEES THAT GENERALLY THIS ALL GOES THROUGH. AND SO THERE’S PROCESSING. THERE’S A VARIETY OF THINGS THAT THEY’RE THAT IT WOULD THAT THEY WOULD BE WORKING THROUGH SO >> AS I MENTIONED YOU KNOW SOME ORGANIZATIONS TOOK SOME TIME TO GET UP AND RUNNING. THEY NOW BEGUN TO. THEY’VE GOT THEIR PROCESS DOWN NOW BEGUN ACTIVATE THESE LOANS. AND SO THAT WITH THE THAT WOULD BE THE PRIMARY REASON WE’RE GOING I THINK IT’S 3 WEEKS SENSE LAUNCH THE AND YOU KNOW WITH ORGANIZATIONS MAYBE HAVEN’T DEPLOY THEIR CAPITAL AS OF YET. WE HAVE TALKED TO THEM ALL WE TRIED TO WORK WITH THEM ALL IN HOPES THAT THEY COULD GET HE’S TOO LONG. SO THAT’S GOOD CLEAN AS POSSIBLE AND THAT THEY THAN WE NEED THEN WE NEED TO THINK ABOUT OTHER ORGANIZATIONS THAT CAN SERVE ESSENTIALLY THEIR POPULATION THEIR GEOGRAPHY WITH THAT MONEY. IN ORDER TO GET AS QUICKLY AS POSSIBLE >> REPRESENTATIVE RON PAUL >> YES; THANK YOU MISTER CHAIR OR TO THE COMMISSIONER OR AGAINST >> SO I >> ARE YOU GUYS OFFERING ANY >> SHORT OF SUPPORT SERVICES TO HELP THESE NONPROFIT ORGANIZATIONS. BE ABLE SHOW AND ALWAYS YOU GET SOME MORE INTERESTED IN ALSO OVER THESE OR MESSAGING BUT IN A 5 TO PROVIDE THE SERVICES >> YEAH MISTER CHAIR THE ORGANIZATIONS WERE IDENTIFIED. AS A MOST OF THEM >> THERE ARE. >> EXISTING LENDING PARTNERS THROUGH THE EMERGING ENTREPRENEUR PROGRAM. SO MOST OF THESE ORGANIZATIONS HAVE BEEN RECEIVING MONEY. FROM LAST THROUGH LEGISLATIVE APPROPRIATIONS FROM YOU. FOR AT LEAST THE DECADE AND AND SOME A LOT LONGER AND SO A LOT OF THESE ARE AIR FAIRLY SOPHISTICATED LENDER SOME. SOME OF THOSE ARE RELATIVELY NEW TO THE PROGRAM AND YES WE WORKED WITH WHOLE LOT OF THESE LENDERS OVER THE YEARS. A NEW ONES AND HELPING THEM SET UP LONG COMMITTEES ONE OF THE DOCUMENTS THAT THEY NEED THOSE TAPES OF A THOSE TAPES THAT >> THING AND AND. >> TRIED TO WE’VE GOT A COUPLE

STAFF HAVE WORKED WITH ALL OF THESE ORGANIZATIONS FOR A LONG TIME. AND TRIED TO GUIDANCE AND ASSISTANCE AND IN PUTTING IN GETTING THESE UH LOANS OUT THE DOOR AND SO AS YOU CAN IN A WE’VE TRIED TO WORK VERY AND OUR PRIMARY CONCERN TO GET THIS MONEY OUT AND GET IT OBVIOUSLY AS QUICKLY AS POSSIBLE. AND SO MANY LENDERS HAVE DONE A YOU KNOW A VARIETY OF THINGS THE LATINO ECONOMIC DEVELOPMENT CORPORATION HAS THE APPLICATION AND THE INSTRUCTIONS AND EVERYTHING IN SPANISH ON THEIR WEBSITE. AND YOU KNOW THERE’S MALT ORGANIZATIONS ITS PEAK. GRIER MANY DIFFERENT LANGUAGES LIKE NBC. I THINK THEY HAVE AND THERE 11 DIFFERENT LANGUAGES SPOKEN AT THEIR ORGANIZATIONS. SO THERE’S THERE’S A VARIETY OF >> AT THESE LENDERS >> TO SERVE THE THE FORWARD >> MISTER TURN IN THE BECAUSE WE ONLY HAVE AN HOUR AND A HALF WHERE I’M GOING TO GET MY QUESTION YOUR TIME AND ACTUALLY EACH OTHER MAYBE YOU NEED TO BE A MORE FORTHCOMING WITH THE LENDERS ABOUT WHAT CAN A TAIL AND GET THEM TO GET THIS MONEY OUT QUICKLY THERE’S SO MANY BUSINESSES EACH AND EVERY ONE OF OUR COMMITTEE MEMBERS ARE GETTING CALLS FROM THAT THIS MONEY CAN’T JUST SHIP IT NEEDS TO GET OUT INTO THE TO OUR BUSINESS OUR SMALL IT CERTAINLY SEEMS THAT LARGE BUSINESSES WITH THEIR GOOD LAWYERS AND GREAT OBVIOUS HAVE BEEN TAKEN CARE OF BUT THOSE WITH 20 EMPLOYEES OR LASH HAVE BEEN BURNING UP OUR OWN MINDS AND FEELING OUR E-MAIL BOXES WHERE TIME. POLICE ARE NOT ANGRY THEY’RE JUST FRUSTRATED AND IN NEED OF HELP. LEAVE IT TO YOU TO TAKE THIS BACK TO YOU KNOW YOUR YOUR OPPOSITION TO THE PEOPLE WITH A HIGHER PAY GRADE TO A REALLY PUSH THESE ORGANIZATIONS IN THIS BILL PASSED THE BILL THAT WE’RE GOING TO TAKE UP TODAY PASSES TO GET THAT MONEY OUT. ASAP WITH THE PROPER PAPERWORK; SO THAT WE DO IT IN JUNE OR NEXT JANUARY WHEN WE GO OVER HOW SUCCESSFUL WE WERE. WE WON’T HAVE ANY BLEMISHES ON OUR RECORD THE MCCANN THANK YOU FOR YOUR TIME HERE I HOPE YOU STICK AROUND OR STAY AT LEAST ON THE LIE THAT THERE’S QUESTIONS AT THE END HOUSE FILE 15 ’07 THANK YOU. MEMBERS WERE GOING TO GO TO COLLEGE FILE 15 ’07. THE LESS AGAIN MY COMPUTER HAS BEEN DOWN TO 3 DAYS; I’M NOT SURE WHAT I HAVE NO DON’T OUT HERE. I SPENT ALL LAST NIGHT RYAN MY WIFE SAID SPENT ALL LAST NIGHT THE TECHIE IN THE HOUSEHOLD HOLDING THE TOOLS WORK OR WORKED ON TRYING TO FIX IT THEY FINALLY GOT WORKING LAST NIGHT SO I DON’T THINK THERE’S ANYTHING ELSE ON THE AGENDA MISTER MUELLER IS THERE ANYTHING ELSE ON THE AGENDA AND THAT HE NO SEVERED >> IF YOU KNOW 7 IS THE ONLY THING WE HAVE LEFT MISTER CHAIR >> REPRESENTATIVE STEVENSON WOULD YOU CARE IT WOULD YOU CARE TO YOUR BILL OR WAIT A SECOND THAT IT ALREADY IN OUR POSSESSION. YOU HAVE. MISTER MOORE THEY HAVE TO MOVE AGAIN >> THANK YOU. MISTER CHAIR; THE MOTION WILL BE TO SEND 2 WAYS AND MEANS. REP NANCY VINCENT >> MISTER CHAIR; I WOULD LOVE TO ALL 15 ’07 THE YEAR >> YOU I SEE YOU HAVE IT THE LEAD ON THEM AND I WOULD YOU CARE TO MOVE YOUR EXPLAIN THAT AND THEN WE’LL HAVE YOUR CHEST BUYERS QUESTIONS THAN ANSWERS. AND THEN WILL VOTE ON YOUR BILL >> THANK YOU MISTER CHAIR WOULD YOU LIKE ME TO THE ALMIGHTY TO IF YOU WANT TO ADOPT THE AMENDMENT. REMARKS THE D E TO GET THE CALL AND SHE LOOKED AT

ME CENTER >> THANK YOU MISTER THANK EUROPEANS YEARS FOR AN ALL IN FAVOR OF THE KEY HE 2 HAS HOUSE WROTE I’M SORRY I HAVE TO THINK THIS ONE THROUGH WE NEED TO REMEMBER HAS BEEN AFTER ALL A FAVOR TO GET THE BILL IN SHAPE AT THE OPULENT LIKE SHOULD YOU BUY BY SAYING AYE. YOU DO I I DID NOT HEAR IT EITHER ANY DAY I’M GOING ASKED THE OFFICER TO EXPLAIN HOW SWAP 15 ’07 AS AMENDED >> THANK YOU MISTER CHAIR AND MEMBERS OF THE COMMITTEE THE COVID-19 PANDEMIC IT IS CAUSING UNPRECEDENTED DEVASTATION TO OUR BECOMING MORE THAN 500 A MINNESOTA IS HAVE FILED FOR UNEMPLOYMENT SINCE THE CRISIS; YEAH; THE SCALE OF THE EFFORTS TO PROVIDE RELIEF FROM STATE AND FEDERAL GOVERNMENTS HAVE ALSO BEEN UNPRECEDENTED MOST NOTABLY THE FEDERAL GOVERNMENT HAS MADE BILLIONS OF DOLLARS AVAILABLE TO BUSINESSES THROUGH THE PPP PROGRAM AS HAS BEEN WIDELY REPORTED IN THE MEDIA ARE THESE FEDERAL FUNDS WERE LARGELY NOT BY THE WELL CONNECTED AND WELL RESOURCED WE DON’T REALLY SMALL BUSINESSES ARE STRUGGLING ROSSMAN SO CHRIS STEAKHOUSE HIRED RESTAURANT CHAIN SEE 20 MILLION TITLE BOXING CLUB CONGRATS ON BY A COUPLE THAT WITH THE CHAMP ONE SPENT HOURS FILLING OUT COMPLEX APPLICATIONS AND RECEIVED NOTHING THE BILL WE ARE NOW THAT WE’RE CONSIDERING TODAY IS OUR EFFORT TO HELP THOSE WHO CAN’T AFFORD A WASHINGTON LOBBYIST. AND DON’T HAVE HUGE ACCOUNTING AND PEOPLE ARE OUR BILL OF THOSE $55 MILLION IN PARTIALLY TO ONLY FORGIVABLE LOANS TO MINNESOTA SMALL DISTANCES. BE RESERVED FOR ALL ALL BUSINESSES WITH 6 EMPLOYEES OR A BUS ADDITIONAL 8 MILLION SET ASIDE FOR BUSINESSES BETWEEN 7.20 EMPLOYEES; IT’S A FURTHER 10 BILLION GOES TO HELP MINORITY OWNED BUSINESSES INCLUDING SMALL FAMILY BUSINESSES THAT OPERATE IN THE CULTURAL SHOPPING CENTERS HAVE GOT OUR STATE FROM WILMER SANK OUT TO THE TOWN OF MINNEAPOLIS IF BUSINESSES ARE SO SMALL THEY MAY NOT EVEN HAVE A BANK ACCOUNT WHILE ON A LOBBYIST WE KNOW THAT DIVERSE AND IMMIGRANT COMMUNITIES ARE OFTEN HIT FIRST AND HARDEST IN ECONOMIC HARD TIMES AND THEY ARE OFTEN LEFT OUT OF RELIEF OTHERS AND SO THIS PROVISION OF THE BILL IS VERY IMPORTANT UNLIKE THE FEDERAL GOVERNMENT THE STATE OF MINNESOTA CANNOT DEFICIT SPEND AND SO YOU ABOUT HER POST TODAY ARE MODEST AND SERVE NOT ENOUGH TO MEET THE NEEDS OF EVERY SMALL BUSINESS STRUGGLING IN MINNESOTA. WELL WE CAN DO THE BEST WE CAN WITH THE RESOURCES WE’VE GOT WELL THERE ARE A SMALL BUSINESS SURVIVES THE PANDEMIC SHOULD NOT DEPEND ON WHETHER THEY’RE ABLE TO PLAY THE INFLUENCE GAME OR WASHINGTON POLITICS SMALL 2 PERSON FAMILY BUSINESS HERE; MINNESOTA DESERVES A CHANCE TO MAKE IT TO THE OTHER SIDE OF THE BANK JUST AS MUCH AS THE HUGE WELL CONNECTED BUSINESSES EMPTY THAT THE BANK. IT WAS AT MISTER CHAIR; I’M HAPPY TO TAKE QUESTIONS >> YOU HAVE READ JUST IF I CAN MISTER CHAIR I THINK A NUMBER OF PEOPLE HAVE SIGNED UP TO TESTIFY US WOULD YOU CARE TO TAKE QUESTIONS FIRST OR TESTIFY HAD TESTED BUYERS COME UP AND SPEAK TO THE KNOW. I DEFER TO THE CHAIR; WHATEVER WHATEVER YOU WOULD PREFER THANK YOU; THANK YOU RECOMMEND INTO WHILE WE TESTIFY RIDGE AND >> MISTER MOMMY. WHY DON’T YOU. YOU HAVE A LIST; I’M SURE CAN YOU TELL ME WAS FIRST ON YOUR LIST >> THANK YOU MISTER CHAIR; I HAVE MIKE MOLLY AND THEN A DOCENT AND WRONG AND THE SEA OF MAC FIRST AND ANDREA IS SECOND >> THANK MISTER TRIAL AND WOULD YOU GIVE US YOUR TESTIMONY >> THANK YOU MISTER WE’RE GOING TO HAVE BEEN A DUST IN OUR EXECUTIVE DIRECTOR TWIN CITIES IN DC A BEGINNER TESTIMONY >> AND AGAIN WE HAVE A 45 MINUTE OR SO UNDERSTAND THAT THIS IS A COMMITTEE THAT LIKES TO ASK QUESTIONS WE’VE GOT TO CLEAN THE YEARS DOCTOR; THE CASE AND PROCEED >> THANK YOU MISTER CHAIR; THIS IS RENEE GOTTSMAN WITH NEIGHBORHOOD DEVELOPMENT CENTER AND WE WILL BE BRIEF. THANK YOU FOR THIS OPPORTUNITY TO TESTIFY. AND THANK YOU ALL FOR WORKING SO THIS BILL 15 ’07. NBC HAS A HAND OUT WITH A SNAPSHOT OF THE RESULTS AND OUR SUGGESTIONS FOR ADDITIONAL SUPPORTS FOR MICRON SMALL BUSINESSES BUT HERE’S A QUICK SUMMARY OF THAT

NBC HAS WORKED WITH OVER 5;000 INNER CITY MICRO AND SMALL BUSINESSES OVER THE PAST 30 YEARS WE HAVE WE DO EXTENSIVE TRAINING LANDING. TECHNICAL ASSISTANCE AND WE HAVE INCUBATE ERS SUCH AS AS THE MIDTOWN GLOBAL MARKET AND MCCONNELL CENTRAL WANT TO THE DEPUTY COMMISSIONER MCCANN WITH THE ALLOCATIONS THAT WE RECEIVED FROM TV FOR THE S P E L LOANS NBC HAS PUT OUT NEARLY MILLION OVER 75% OF THAT 75% ARE ENTREPRENEURS OF COLOR IN ADDITION OVER HALF OF THEM ARE MICRO BUSINESSES WITH FEWER THAN 5 FULL-TIME EMPLOYEES AND JUST AS MR. MCKINNON MENTIONED WE DO DEFINITELY HAVE A WAITING LIST. AND NOW TURN IT OVER TO HIM THANK YOU THANK YOU AND THANK YOU MISTER CHAIR. SO FIRST OF ALL WE WANTED TO COME AND BOTH THE LEGISLATURE; YOU PLEASE IDENTIFY. >> MISTER KAMALI THE SYSTEM I COULD YOU PLEASE IDENTIFY YOURSELF FOR THE TAPE. >> SIDE OF THIS IS MIKE MOLLY NEIGHBOR DEVELOPMENT CENTER THANK FIRST WE WANT TO COMMEND BOTH THE LEGISLATURE AND DEED FOR AMAZING WORK. THIS ACT ON MONEY THAT’S GONE OUT HAS GONE OUT IN AND 3 WEEKS AS MISTER CANNON SAID; AND THERE WAS MUCH MORE LIKE EMERGENCY. MANAGEMENT DEPLOYMENT; RATHER THAN TRADITIONAL LENDING THAT ANY OF OUR ORGANIZATIONS DOING THAT ANY MERIT TO USED TO SO IT’S BEEN AN INCREDIBLE REBUILDING OF OUR MACHINERY AND ARE WE TRAINING OUR STAFF ALL LOOKING FOR NOW THE CHALLENGE IS HOW TO BETTER REACH MICRO SMALL BUSINESSES IN UNDERSERVED COMMUNITIES AND AFTER CONNOR’S OF COLOR BARRIERS THAT WERE EXPERIENCED IN THE FIRST ROUND OF THIS FUNDING WHICH WAS BASICALLY SET UP AS A FIRST COME FIRST SERVE NO UPPER LIMIT ON BUSINESS EYES. INCLUDED THE SMALL ENTREPRENEURS LEARNING TO READ ABOUT THE PROGRAM STRUGGLING WITH EXTENSIVE TECHNOLOGY PROBLEMS TO COMPLETE THE APPLICATIONS VERY LIMITED BACK ON CAPACITY AND FINANCIAL DATA AND MANY CASES; THE SIGNIFICANT LANGUAGE BARRIER AND FOR ISLAMIC BORROWERS THE PROHIBITION ON INTEREST OUR SUGGESTIONS GOING FORWARD AS ARE IN THAT HAND NUMBER ONE IS TO THESE PARTIES FUNDS THROUGH TRUSTED AND PROVEN ORGANIZATIONS AND NETWORKS LIKE NEIGHBOR DEVELOPMENT CENTER; LOOK YOU KNOW ECONOMIC DEVELOPMENT CENTER MANY OTHER COMMUNITY PARTNERS AND CONNECTORS. AND FOR THE MARKER ABOUT FUNDS LIKE THIS BILL DOES. SO WE SUPPORT HOUSE FIRE 15 ’07 ESPECIALLY THE CARVE OUTS FOR THE MICRO SMALL BUSINESSES THE 12 MONTH DEFERRAL THE FORGIVENESS PROVISION WHICH OBVIOUSLY WILL MAKE IT EVEN MORE ATTRACTIVE TO ALL THE FOLKS THAT ARE A DYING ON THE VINE RIGHT NOW AND THEN THEY SUPPORT FOR THE ETHNIC PUBLIC MARKETS. OUR MIDTOWN GLOBAL MARKET FOR INSTANCE AS LOST AND IS PROJECTED TO LOSE AT LEAST $300;000 IN RENT REVENUES AND THE FIRST 2 AND A HALF MONTHS OF THIS PANDEMIC SHUT DOWN AND THAT’S REALLY NEED SOME SUPPORT TO KEEP THAT THAT MARKET OPEN AND THOSE 45 BUSINESSES OPEN WE DO RECOMMEND INCREASING THE TEM PERCENT ADMINISTRATIVE FEE UP TO 15 PURSE AND FOR THE GROUPS THAT ARE WORKING WITH IS VERY SMALL BUSINESSES BECAUSE IT TAKES QUITE A BIT MORE HAND-HOLDING BACK TO THE QUESTION OF THE SPEAR DEPLOYMENT AS MISTER CANNON WE IT TOOK US A COUPLE WEEKS FRANKLY TO REALLY REBUILD OUR PROCESS AND WAY OF DOING THINGS AND HOW WE TRAIN OUR FOLKS. WERE WELL UNDERWAY NOW AND I GUARANTEE YOU IN THE NEXT ROUND WILL BE DEPLOYED FASTER BY EVERY ORGANIZATION AND BAR. WELL THANK YOU VERY MUCH FOR THIS OPPORTUNITY. MISTER CHAIR MEMBERS OF THE COMMITTEE >> THANK YOU MISTER KAMALI I’M NOT ACTUALLY CALL DOWN THE NEXT TESTIFY OR AND THIS TEAM AND THEN. >> IT IS A BURNING QUESTION WE CERTAINLY CAN HAVE THAT ANSWERED. I’M TRYING TO KEEP THIS TO GIVE PEOPLE A LITTLE TIME TO TALK ABOUT TO THE AMENDMENT AND THEN TALK ABOUT THE BALLOTS OUT SO THAT DO NOT >> THANK YOU. MISTER CHAIR AND MEMBERS OF THE COMMITTEE MY NAME IS HENRY COMMEND A SUCCESS THE DIRECTOR OF THE CENTRAL PART OF THE SUMMER YOU CAN ONLY COME UP; YOU KNOW ALSO KNOWN AS THE LOOKING LOOKING AND DEVELOPMENT CENTER WERE SIMPLY O E D C I MEAN THAT AS A CLIENT SUPPORT OF HOW SLOW 15 ’07 WELL $50 MILLION MAY SEEM LIKE A LOT TO A LOT OF PEOPLE I CAN TELL YOU THAT WE’RE GOING

TO NEED A LOT MORE THAN THAT AND I GUARANTEE THAT A LOT OF THE FOLKS RECEIVING THESE FUNDS WILL BE ABLE TO PROVIDE. SUCCESS STORY SO YOU MUST ORDER SINCE LOUISIANA’S HELP HUNDREDS OF LATINO AND IMMIGRANT ENTREPRENEURS AND SMALL BUSINESSES START UP OR EXPAND THEIR BUSINESSES. THESE ARE THE SMALLEST BUSINESSES THAT OFTEN OVERLOOKED BY TRADITIONAL FINANCE WAS THAT WHO SHUNS WE ARE THE CLOSEST SUPPORT SYSTEM FOR BIG WORKING THEMSELVES INTO SUCCESSFUL REALITIES. WE DO THIS THROUGH TECHNICAL ASSISTANCE SUPPORT IN SPANISH OR INGLIS SINCE THE EPIDEMIC WE HAVE THE BALL TO MEET THE NEEDS OF OUR CLIENTS AND BY SUSTAINABLE GROWTH THE SEA HAS THE CAPABILITIES OF PROVIDING THE SUPPORT AND SERVICES FOR CLIENTS AND FOR PLANS YET TO COME. I WOULD LIKE TO SHOW MY SCREEN SO YOU CAN SEE JUST A SNAPSHOT OF SOME OF THE WORK WE’VE GOT TO DO IN RESPONSE TO A PANDEMIC I APOLOGIZE FOR FOR THE INNOCENCE YOU SHOULD HAVE RECEIVED SOMEONE TO READ IT OFF >> EMERGENCY MOSTLY SUPPORTED TO OUR CLIENTS WITH THE SMALL BUSINESS ADMINISTRATIVE PROBLEMS AS MUCH AS WE CAN BUT FROM THE BEGINNING WE I FELT THAT THE BEST PLACE FOR US TO SPEND OUR TIME WAS IN THE MINNESOTA; THE SMALL BUSINESS EMERGENCY LOAN PROGRAM. BY NEXT WEEK WE WILL HAVE PROCESS THE ENTIRE $1 MILLION THAT WAS ALL IT CAN IT WAS TO PROCESS AND HELP SEARCH PROBABLY OVER 30 CLIENTS WITH THAT MONEY. ONCE APPLICATIONS WAS APPROVED BY THE INFANT SECURE. WE ARE ABLE TO GET FUNDS INTO A CLIENT’S ACCOUNTS WITHIN 2 TO 3 DAYS. OH THERE WAS A THEM IN THIS OF EMERGENCY FUNDS AND WE ASSISTED OVER 200 CLIENTS WITH INFORMATION ANSWERING QUESTIONS OR SUBMIT APPLICATIONS YOU ALSO HOPE TO CLIENTS PAYMENTS IF THEY HAVE ANY SUPPORT KNOWS WE WERE ALSO AWARDED A $200;000 GRANT WITH THE MINNESOTA COUNCIL ON FOUNDATIONS AND AGAIN BY NEXT WEEK APPROXIMATELY 90 GRANTEES OF US THEY WILL RECEIVE THAT FROM US IN TECHNICAL ASSISTANCE WE PROVIDED ABOUT $400 AND I WANT TO REMIND OUR TEAM IS A LOT SMALLER THAN SOME OF THE OTHER CBA WAS WE STILL PROVIDING 400 HOURS AND MARKS AND THEN TO SUPPORT PROVIDING $700 AND THEY WILL I THINK YOU TELLING YOU MORE ABOUT WHAT WE’VE DONE; BUT I CAN TELL YOU THAT EVERYBODY ON MY TEAM HAS WORKED MORE THAN THE 40 HOURS. EVERY EVERY THERE WORKING EVERY DAY AND FOR THAT I ALSO WANT TO BECAUSE I CAN TELL YOU THAT FOLKS LIKE A. A DEPUTY COMMISSIONER DREW LIMBAUGH BUYS I C E MAILS FROM THEM COMING AT 10:00PM ON A SUNDAY NIGHT. I THINK EVERYBODY’S ALL HANDS ON DECK AND I JUST WANT TO MAKE SURE. THERE ALSO RECOGNIZED KEEPING OUR COMMUNITIES; SMALL BUSINESSES SOLVENT IS NOT ONLY GOOD BUSINESS. IT’S ALSO ABOUT SAVING OUR CULTURE. CAN YOU IMAGINE HAVING TO WAIT A GENERATION BEFORE BEING ABLE TO HAVE FROM A CMA I WANT TO TALK SO FROM MOSUL COM PULSE. PEOPLE WHO SUFFER FROM THAT ONE LET THEM COME TO AN A OR A BEER FROM A DONOR MANY OF OUR COMMUNITY AND MANY OF YOU HAVE WAITED A LIFETIME TO HAVE FINALLY HAVE SOME DELICIOUS FOOD HERE IN MINNESOTA AND WE HAVE A WARM-UP TO KNOW AND OTHER IMMIGRANT BUSINESSES YOUR WELL. MANY OF THE ESTABLISHMENT I HAVE MENTIONED HAVE GOTTEN THEIR START AND THE 1012. AND LIKE MIDTOWN GLOBAL MARKET JUST LIKE MY MOMENT; A MENTION AND WE HAVE A POSITIVE IMPACT FROM THE SUPPORT BUT IN PROGRESS OF OF THIS BILL BUT PROVIDING MOST TO SUCH OPERATORS OF PERMANENT INDOOR RETAIL SPACES. THAT STORM DIDN’T GO TO ORIENTATION THIS IS HOW YOU SAVE COMMUNITY BUSINESSES. BUT MOST IMPORTANTLY THIS IS HOW YOU SAY OUR CULTURE OUR MINNESOTA CULTURE. OUR MISSION HAS NOT CHANGED BUT OUR TYPE OF WORK HAS TURNED DONE WE’RE NOT FOCUSED ON STARTING NEW BUSINESSES RIGHT NOW. WE’RE NOW DOING ALL WE CAN SAYS OR ALL OF THESE BUSINESSES I JUST MENTION ANOTHER STAY SAW BY NOW YOU HAVE ALL FROM YOUR CONSTITUENTS THAT MANY IN YOUR DISTRICT GOING TO GET SOME OF THOSE FEDERAL FUNDING LIKE I DON’T LOVE PPP THE PROVISIONS THAT IN THIS BUILDING PARA GUSTY ENSURES THAT OUR SMALL MOM AND POP BUSINESSES OF THE TEST AXES THESE SPOTS IT ALSO ACTS AS AN INVESTMENT WITH MEASURABLE RETURNS FROM THE STATE OF MINNESOTA INTO THEIR BUSINESSES AND THAT ISN’T ENOUGH AND EARLY IN THE SENSE IS ESSENTIAL BECAUSE IT GIVES THE BUSINESS IS A FUNNY CHANCE TO STAY OPEN WHICH ALLOWS HIM TO FIND

CERTAIN WAYS TO REPURPOSE THEIR SERVICE AND PRODUCTS AND TO SEVERAL COMMUNITY NEEDS IN A SAFE WAY. THESE BUSINESSES OF REVITALIZE OF COMMERCIAL CORRIDORS IN THE TWIN CITIES AND IN GREATER MINNESOTA THEY HAVE BECOME A PART OF A COMMUNITY AND MOST IMPORTANTLY IT IS A PART OF OUR CULTURE AND THEN HAS BEEN SOME ONIONS JUST ON US FOR MINNESOTANS WE BELIEVE IN A CLIENT’S ON DAY ONE AND WILL CONTINUE TO BELIEVE IN THEM TODAY AND TOMORROW. I WANT TO THANK YOU FOR BELIEVING WHAT DO YOU KNOW AN IMMIGRANT SMALL BUSINESS RIGHT YOU ALL >> ALTHOUGH THIS FIGURE IN THIS SPEAKING TO SHOT OF THE BORDER FOOD THAT HE’S WORKED AT THE RESTAURANT WHEN BY ANY AND ALL TO JOIN ME NEXT YEAR. WELL YOU’RE IN SESSION AND I’M NOT TO GO HAVE LUNCH ON THE EAST 7TH STREET THE JAYS ON DISTRICT AND HAVE SOME OF THE BEST FOOD IN THE 20 CITY TOUR SHOW HAVING SAID THAT ARE THERE ANY QUESTIONS FOR MISTER DUNN THAT I GUESS THIS COMMITTEE IS NOT GOING TO ASK QUESTIONS SO WE’RE GOING TO MOVE ON TO THE AMENDMENT. WHAT I THINK BOTH OF THE AUTRY THE TEST THE FIRES AGAIN YOU WANT TO BE I HAVE REPRESENTATIVE ROB AND YOU HAVE FOR AMENDMENT. >> YES; MISTER CHAIR; THANK YOU I’D LIKE TO HAVE A CORE AMENDMENT >> YAY FOR AMENDMENT HAS BEEN MOVED YOU CARE EXPLAIN IT >> YES; I WILL KEEP IT BRIEF I APPRECIATE HARD WORK ON THIS ISSUE I KNOW WE ALL CARE ABOUT SUPPORTING. THE SMALLEST BUSINESSES ARE DISTRICTS THAT HAVE NOT HAD UM THE ABILITY TO ACCESS SOME OF THESE LAWNS AND FEDERAL PROGRAMS SO THAT’S WHAT MY AMENDMENT ALSO FOCUSES ON THEY’RE WORKING ON THIS FOR SEVERAL WEEKS THE VERY DAY OF THE SHUTDOWN MAYBE IT WAS THE SECOND DAY I RECEIVED IT CALL FROM A WOMAN IN MY DISTRICT WHO IS WATCHING SHOUT OUT TO MANDY BROUGHT THIS TO ME AND TUCKED IN IMMEDIATELY ABOUT THE STRUGGLE SHE WAS HAVING AND HOW SHE WAS GOING TO RETOOL OUR BUSINESS AND SHE HAS DONE INCREDIBLE WORK TO PRATT TO TO CHANGE FROM A CAFE TO A CURBSIDE PICK OF DIFFERENT ITEMS FAMILIES CAN PICK UP TO DO AT HOME WITH THE KIDS CRAFT KITS AND SENSORY BANDS NOW SHE’S DOING T SHIRTS. THERE’S THERE’S NO END TO HER INNOVATION. BUT THESE OTHER LAWS HAVE NOW WORKED FOR HER IN RESPONSE MANDY AND MANY OTHER PEOPLE I’VE HEARD FROM IN MY DISTRICT. SALON STYLIST PEOPLE WHO DO NAILS AND THE VERY SMALLEST BUSINESSES. THESE ARE THE ONES THAT WE ARE ALL TRYING TO HELP AND SO ALL RIGHT MICHAEL SO SLIGHTLY DIFFERENT THAN THAT UNDERLYING BILL AND I WOULD PROVIDE IN THE FIRST SECTION AN ADDITIONAL THE SMALL BUSINESS. EMERGENCY LOAN PROGRAM AND OPEN IT UP TO ALL TYPES OF BUSINESSES. RIGHT NOW DEPUTY TO MISTER MCCANN AND REFERENCED IT’S A SPECIFIC TO BUSINESSES AFFECTED BY THE IOS BUT HONESTLY THERE ARE A LOT OF OTHER BUSINESSES THAT ALSO HAVE BEEN IMPACTED BY THE COVID CRISIS THAT NEED THIS HELP. YOU KNOW IN MY DISTRICT THERE’S A LOT OF VERY SMALL PRECISION MANUFACTURING THAT DIDN’T QUALIFY AS CRITICAL SECTOR OR OR OTHER DELIVERY SERVICES ARE BUSINESSES LIKE THAT AND SO WE JUST NEED TO OPEN IT UP BY THANKS TO ALL BUSINESSES CAN PRO AND THEN TO THE LANGUAGE THEY HAVE TO SHOW THAT THERE NEED IS COPING RELATED. BUT I THINK THAT PRESERVE MAIN STREET IN OUR SMALL COMMUNITIES AND THEN SECONDLY; THE SECOND SECTION IT’S AT MILLION. FOR AH AH A MICRO BUSINESS LOAN PROGRAM AND AGAIN THE NUMBERS ARE A LITTLE DIFFERENT THAN THE UNDERLYING LOANS. PROGRAM AT THE BILL; BUT IT’S SO WHERE WILL PEOPLE $10 MILLION BY 5 MILLION GOES TO GREATER MINNESOTA 5 MILLION STATES IN THE METRO OF THAT 5 MILLION IN EACH REGION 1 MILLION IS SPECIFICALLY SET ASIDE FOR YOUR BUSINESSES WITH 0 TO 5 EMPLOYEES AND SO WE’RE ALSO REALLY TARGETING THOSE VERY SMALL BUSINESSES THAT REALLY HAVE NOT WANTED TO EVEN IF THEY COULD QUALIFY FOR THE PPP WHICH SOME OF THEM AT AND DID THEY CANNOT ACCORDING TO A PAYMENT I BUSINESSES CALLING ME EVERY DAY WHERE THEY SAY WE ALREADY HAVE TO SBA LOANS ALREADY USE MY EVERY IT OUT OF SAVINGS IN MY 4 O ONE K LIKE I CANNOT AFFORD ANOTHER LOAN PAYMENTS; SO EVEN AT 50% FOR GOOD OF ALL THE WAY THE CURRENT THE PROGRAM IS STRUCTURED THAT IS A BRIDGE TOO FAR FOR SOME OF

THESE VERY SMALL BUSINESSES THAT WE THEY LOSE IF WE DON’T PROVIDE THEM. A 100% FOR CHEMICAL WHICH IS WHY I’M MY PROGRAM TEST. SO I APPRECIATE YOUR CONSIDERATION AND I HAVE A COUPLE WITNESSES MISTER CHAIR TESTIFY OR SORRY FOR IT >> PLEASE BRING THEM DOWN OR I DON’T HAVE THEIR NAME SO WE’RE CERTAINLY >> YES OR AT LEAST THE FIRST I’D LIKE TO INTRODUCE FORMER CONGRESSMAN TIM PENNY WHO IS THE PRESIDENT AT THE SOUTHERN MINNESOTA ISH TO TIP FOUNDATION IN MY BILL I DESIGNATE THAT THE MONEY GIVEN TO GREATER MINNESOTA WOULD BE HANDLED TO THE BEST AND TIM CAN SPEAK TO THAT DIRECTLY OF WHY THEY SO FAR CAPABLE AND READY AND ABLE TO GET THIS DONE AND I THINK IT SPEAKS TO SOME OF THE OTHER ISSUES WE’VE HEARD ABOUT TODAY. WELL-MEANING GROUPS THAT DON’T HAVE THE EXPERIENCE CAN I GET THE MONEY OUT THE DOOR AND AND WE’VE ALREADY BEEN IN THE SUPER OR WEEKS AND WE NEED TO GET THE HELP OF THEIR IMMEDIATELY SO TIM LET’S JOIN US >> I THINK MISTER PENNY COATS THANK YOU. MISTER CHAIRMAN MEMBERS COMMITTEE I’M TIM PENNY PRESIDENT SOUTHERN MINNESOTA INITIATIVE FOUNDATION. WE ARE ONE OF 6 MORAL FOUNDATIONS THAT SERVE COLLECTIVELY THE NE NOT METRO COUNTIES IN MINNESOTA OUR OUR NATIONS HAVE BEEN AROUND FOR 30 YEARS; SO WE COULDN’T RESIST AN STIRRING ARMED CRISIS OF THE 1980’S. MOST OF YOU AND ASSUMED THAT THEY ARE TOO YOUNG TO REMEMBER THOSE TIMES OF THAT VERY DIFFICULT TIMES IN ALL OF ROME ERICA AND OUR FOUNDATIONS WERE CREATED IN ORDER TO INVEST IN COMMUNITY AND ECONOMIC DEVELOPMENT BUT FOR THE FUTURE OF OUR RESPECTIVE AS SUCH WE BEN A WORKING WITH SMALL TOWNS AND SUPPORTING ENTREPRENEURS AND A VARIETY OF WAYS OVER 30 YEARS WE’VE BEEN IN EXISTENCE. MOST RECENTLY WE HAVE BEEN AMONG BE EMERGING >> LENDERS FOR EARL OF MINNESOTA AND WE ARE ALL CURRENTLY WORKING WITH SOLLERS SAID THE CREATED A FOR THE EMERGING UP THEIR PROGRAM. IN OUR I THINK WE NOW HAVE ACTUALLY ALL OF THE 50 OR SO LAWNS THAT UH OUR REGION ITSELF SO BEFORE IN THE HANDS FEET AND SOME OF THOSE LOANS ARE ALREADY OUT THE DOOR WE HAVE ALL DONE DISASTER ASSISTANCE GRANTS TO BUSINESSES IN OUR REGION WHEN WE GET INTO THIS WITH AN EMERGENCY SITUATIONS IN THE PAST A THRIVING IN THE ROOT RIVER BUYERS IN THAT DON’T COME IN DELIA OTHER A SERIOUS SO THE BOTTOM LINE IS SPEED 6 INITIATIVE FOUNDATION SAID EXTENSIVE GRANTMAKING EXPERIENCE. WE HAVE EXTENSIVE UH SMALL BUSINESS LENDING EXPERIENCE. AND WE ALSO HAVE BEEN INVOLVED WITH DISASTER RECOVERY IN OUR RESPECTIVE GREECE REGION SO I’M GOING FORWARD WE CLEARLY MANAGE QUICKLY AND EFFECTIVELY AND THE DOLLAR SENT OUR WAY AND GET THOSE DOLLARS OUT THE DOOR; THE SMALLEST BUSINESSES IN OUR RESPECTIVE REGIONS AND AS AN EXAMPLE IN JUST A 2 WEEKS TIME. COLLECTIVELY DISTRIBUTED 1600 GRANTS TOO EARLY CHILD PROVIDERS ACROSS RURAL MINNESOTA. AND THAT TOTALED ABOUT ONE MILLION WILL GET TO THAT WE WERE ABLE YOU KNOW THAT THERE ARE IN THAT SHORT PERIOD OF TIME SO AGAIN WE HAVE THE CAPACITY TO IN THIS SPACE APPRECIATE THE OPPORTUNITY TO TEST ITS MORNING >> AND WHY DO WE HAVE YOUR SECOND TEST A FIRE AND THEN THAT CARES QUESTIONS WE CAN KEEP PEOPLE ON THE LINE >> THANK YOU MISTER CHAIR; I’D LIKE TO HAVE ELAINE REST THE SUN FROM SOCIAL IMPACT NOW JOINING US. THANK YOU >> THANK THE RASMUSSEN PLEASE IDENTIFY YOURSELF FOR THE TAPE TO PROCEED. >> THANK YOU CHAIRMAN AND THANK YOU REPRESENTATIVE ROBBINS GOOD MORNING. IT’S CHAIRMAN AND THE MEMBERS. MY NAME IS EELI RASMUSSEN AND THANK YOU AGAIN I WANT TO ECHO THE COMMENTS OF MY COLLEAGUE; THANK YOU FOR ALL THE WORK THAT HE IS DOING AS WELL AS ALL OF YOU AND WRAP YOUR HANDS AROUND AS I SAID MY NAME IS ELAINE RESTLESS AND I’M IN SAINT PAUL RESIDENT; I AM ONE OF THOSE FOLKS IN THE EXURBS OUR SUBURBS; I’M THE FOUNDER AND CEO OF SOCIAL IMPACT STRATEGIES GROUP WHICH IS ALSO LOCATED IN SAINT PAUL WE PROVIDE CONSULTING AN INCLUSIVE ECONOMIC DEVELOPMENT AND SOCIAL IMPACT AS WELL AS SMALL BUSINESS ADVISING AND LIKE MY COLLEAGUES ARE OUR TEAM HAS BEEN WORKING 8090 HOURS A WEEK EACH AND HELPING A SMALL BUSINESSES OVER THE LAST SEVERAL WEEKS AND ALSO THE PRODUCER OF THE ANNUAL CONFERENCE CALL CONNECT UP WHICH BRINGS TOGETHER UNDERESTIMATED ENTREPRENEURS LOCAL INVESTORS AND THE ENTREPRENEUR ECOSYSTEM I’M HERE TO SHARE MY EXPERIENCE AND RECOMMENDATIONS ON THESE EMERGENCY FUNDS AS A BLACK MALE TO FEMALE SMALL BUSINESS OWNER; A FUTURIST A MEMBER OF LOCAL

AND NATIONAL AND ARE EAGER SYSTEM COMMUNITY THE PRACTICE AS WELL AS A SMALL BUSINESS TECHNICAL ASSISTANCE PROVIDER. IT IS VERY EXCITING THAT OUR STATE GOVERNMENT IS LOOKING AT FOR WAYS TO CLOSE THE MUCH NEEDED CAP AND SUPPORTING SMALL BUSINESSES ACROSS THE STATE; HOWEVER THERE ARE GROWING CONCERNS IN GREAT LESSONS TO BE LEARNED FROM THE FEDERAL PROGRAMS THAT MY COLLEAGUES HAVE TALKED ABOUT THAT HAVE LEFT BLACK AND BROWN INDIGENOUS AND GIRLS ALL BUSINESSES OUT IN THE COLD I KNOW THIS BECAUSE I LIKE MANY OF THE ENTREPRENEURS WE SERVE HAVE HAD LITTLE A LITTLE LUCK ACCESSING THE OVER $300 BILLION OF FUNDING. HERE JUST A FEW SNAPSHOTS OF MY EXPERIENCE IT TOOK ME OVER 7 HOURS TO COLLECT AND UPLOAD MY DOCUMENTS FOR THE INITIAL IED A LOAN APPLICATION. THE IDOL PROGRAM WAS REVAMPED AND EVERYONE WHO APPLIED BEFORE MARCH 30 AND HAD TO REAPPLY WHICH TOOK ANOTHER 5 TO 8 HOURS. I APPLIED FOR THE PPP PROGRAM THE MY BANK WHILE THE APPLICATION IS ONLY 2 PAGES I NEEDED TO COLLECT A COMPLETELY DIFFERENT SET OF DOCUMENTS AND WHAT I SUBMITTED FOR THE IDOL PROGRAM WHICH TOOK AN ADDITIONAL HOURS TO DOWNLOAD SCAN AND UPLOAD TO THE BANK SYSTEM. I COULD NOT REACH ANYONE AT MY BANK TO CONFIRM MY APPLICATION RECEIVER IS RECEIVED AND TO DATE ON WHICH HAS NOW BEEN ABOUT 2 AND A HALF WEEKS I STILL KNOW RECEIVED ANY INFORMATION OR HEARD BACK FROM A BANKER. I APPLIED FOR THE PPP PROGRAM TO ANOTHER FINANCIAL INSTITUTION AND THAT TOOK ANOTHER 8 HOURS TO COMPLETE NOT ONLY FOR A ADDING ANOTHER SET OF DOCUMENTS THAT I DIDN’T HAVE BEFORE BUT THE SYSTEM CONTINUOUSLY CRASHING AND THE INABILITY APPLE OF DOCUMENTS AND OTHER TECHNICAL COMPLICATIONS I FINALLY APPLIED FOR THE U.S CHAMBER FUNDING AND SPENT LITERALLY OVER 8 HOURS ON THE SITE HITTING REFRESH BECAUSE THE SITE KEPT CRASHING MULTIPLE TIMES THROUGHOUT THE DAY AND IT COULD GOT I COULD GET NOTHING ELSE DONE TO WORK ON MY BUSINESS AND NEVER ACTUALLY GOT AN OPPORTUNITY TO CLICK COMPLETE MY REGISTRATION ON THE SITE JUST TO GIVE YOU SOME DEEPER CONTEXT; ENGLISH IS MY FIRST LANGUAGE. I HAVE A MASTER’S DEGREE IN FINANCE BACKGROUND. I HAVE A CPA AND A DIGITAL ACCOUNTING SYSTEM; I HAVE 4 ADDITIONAL STAFF YOU CAN ACTUALLY KEEP THE BUSINESS GOING. I HAVE HIGH SPEED INTERNET; A BANKER AT A LARGE BANG AND VERY PLUGGED INTO THE ECOSYSTEM AND HAVE GREAT RELATIONSHIPS ACROSS THE STATE I HAVE MANY ADVANTAGES AND STILL NOT RECEIVED ANY RELIEF FUNDING. AND I’M NO EXCEPTION LUCK AND HOPE SHOULD NOT BE THE PLAN TO ACCESS THESE FUNDS WITH THAT BEING SAID WE URGE YOU TO TAKE THE FOLLOWING CONSIDERATIONS FOR THIS AND ANY FUTURE BUT SMALL BUSINESS SUPPORT CREATE GREAT DIFFERENT LEVELS OF ACCESS POINTS ARE DIFFERENT BUSINESS SIZES NEED DIFFERENT THINGS AND AS WE’VE ALREADY HEARD SOME OF THESE IS THAT HAVE LESS THAN 6 EMPLOYEES AND NEED TO BE PRIORITIZED IF FUNDING IS PASSED OPEN THE APPLICATION PROCESS DO NOT USE A FIRST COME FIRST SERVE BASIS LONGER LEAD TIMES SO THAT PEOPLE CAN SUBMIT THEIR DOCUMENTS AND IN CLOSING A PORTAL IS A MUCH BETTER WAY OF GETTING THINGS AREN’T RUNNERS AN OPPORTUNITY TO SUBMIT THEIR DOCUMENTATION IN A MORE EQUITABLE WAY. I ASK YOU TO LOOK BE ON THIS THAT THE NEXT FEW MONTHS IN THIS MOMENT; ONE OF THE THINGS THAT I HOPE THAT YOU TAKE THIS AS UNITY IS TO SET ASIDE FUNDS FOR INFRASTRUCTURE SUPPORT OF THE ENTREPRENEUR ECOSYSTEM AS WE HEARD FROM MY COLLEAGUES WE DON’T HAVE ENOUGH ECOSYSTEM PARTNERS TO BE ABLE TO PROCESS THIS WORK; NOT ONLY IN POST IN DURING COVID BUT IN REGULAR TIMES WE JUST HAVE AN OVERLOADED NEED AND WE NEED MORE OF FOLKS LIKE US IN DC SOCIAL INDEX STRATEGIES GROUP BLACK WOMEN IS WHAT THE LIONS TO HELP WITH NOT ONLY THIS. THIS CRISIS BUT FUTURE CRISES AND THIS WILL NOT BE A ONE-TIME EVENT CURRENTLY MOST OF THE FUNDING IT CENTERED CAN IS CENTERED ON STARTUPS VERSUS EARLY STAGE AND SECOND STAGE BUSINESSES WHO HAVE BEEN THE MOST HIT HARDEST BY CODE THAT CONTRACT WITH SERVICE PROVIDERS LIKE LIKE WOMEN’S WEALTH ALLIANCE TO PROVIDE SOME OF THE TECHNICAL ASSISTANCE TO HELP THESE ENTREPRENEURS TO GET THEIR BACK OFFICE IN PLACE THAT THEY CAN WEATHER THE NEXT CRISIS AND IS MORE GREATER FLEXIBILITY WITH THE DEA PROGRAM BECAUSE A LOT OF AS WE HEARD COMMUTERS WERE LEFT OUT OF THESE PROGRAMS. THANK YOU ONCE AGAIN FOR YOUR TIME AND CONSIDERATION SOCIAL BACK STRATEGIES GROUP IS HAPPY TO BE OF SERVICE AND BE A RESOURCE FOR YOU AT THIS POINT AND ANY TIME IN THE FUTURE THANK YOU >> AND WE TAKE YOU TO A DISASTROUS ARE THERE ANY QUESTIONS FOR EITHER OF THE WITNESSES >> I HOPE I’M NOT VIEWED PEOPLE AND YOU’RE NOT AMONG ON THEM >> I SAID AND MADE IT MYSELF SO AND AS THE CHART IT’S A GOOD QUESTION. AND THE QUESTION THAT I WILL GO AHEAD WILL FOR REPAIRS AND THE ROBINSON THAT QUESTION THAT I HAVE AS IS THE BILL THAT WE HAVING FUN OF PROVIDES MORE IT’S NOT A 100% FORGIVABLE LAWN WILL THAT BE

SOMETHING THAT YOU’RE WILLING TO ACCEPT BUT ALSO MAKING A QUICK CHANGE THAT EVERY BUSINESS THAT HAVE BEEN IMPACTED BY COVID-19 WHETHER DIRECTLY OR INDIRECTLY TO BE INCLUDED IS THAT AN AMENDMENT ABLE TO ACCEPT SO THAT WE CAN PUT THIS BILL IN THE SHAPE THAT WILL WORK FOR EVERYONE >> THANK YOU MISTER CHAIR MISRATA AFTER THEM ROBIN AND TRY MISTER CHAIR THANK YOU REPRESENTATIVE NOR >> SO WE’RE AT >> I’M NOT QUITE SURE I UNDERSTAND THE QUESTION BECAUSE THE LANGUAGE IN MIND DOES SAY ANY BUSINESS IS ALLOWED TO RECEIVE THESE LAWS AS LONG AS THEY CAN SHOW AND >> THAT THEY NEED IT THE SINCE THEY WERE IMPACTED BY COVID SO NOT THAT THEY WERE TIED TO THE EXECUTIVE ORDERS. I DO BELIEVE MY LUCK WHICH ENCOMPASSES WHAT YOU ARE ASKING FOR >> OR >> I MISS THE CHAIR; YES; IT IT DOES TO SOME EXTENT BUT THE RESOURCES THAT IS BEING ALLOWED TO THIS BILL >> THE THEIR REGIONAL D E. >> PROVIDES MORE RESOURCES AND IN FACT IT PROVIDES A COW ABOUT 2 SMALL BUSINESSES THAT ARE ON BYE MINORITY BUSINESS THAT WE KNOW HAVE BEEN LEFT OUT TO THE FEDERAL PROGRAM HAVE BEEN LET OUT FROM SOME OF THE STATE PROGRAM PEOPLE WHO ARE UNABLE TO SPEAK ENGLISH; WE DON’T HAVE ACCESS TO COMPUTERS AND I THINK THIS IS A YOU KNOW GOOD IF YOU LOOK IN DIFFERENT WAYS SUPPORTING THE ETHNIC MARKETS. MICE EDITION WILL BE THAT WE ADOPT >> THE BILL THAT WE ALREADY HAVE. >> AND MOVE ON WITH THAT THAT THAT’S MY SON. >> THANK YOU MISTER CHAIR; THANK YOU REPRESENTATIVE NOR IF THE U.S. RESPOND >> ON THE 20 MINUTES TO 3 MORE AMENDMENT. >> SO I GUESS SO I UNDERSTAND REPRESENTED ARE AND I HAD AN EXTENSIVE YOUR STATION SO SO THE LANGUAGE; I’M CHAIRING IS THE LANGUAGE THAT PASSED THE SENATE COMMERCE COMMITTEE LAST EARLIER THIS WEEK. AND OUR DESCENT JOBS COMMITTEE AND NOW IT’S GOING TO THE SENATE FINANCE COMMITTEE AND IN WORKING WITH THE SENATORS AND THEIR LANGUAGE BECAUSE I HAD THE UNDERLYING BILL OVER THERE AS WELL ICE I HAD EXTENSIVE CONVERSATIONS WITH SENATOR HER AND SHE HAD WITH A CONVERSATION WITH ME AGREE THAT THE LANGUAGE OF JUST FOCUSING ON 0 TO 5 ENTREPRENEUR FTS WOULD HAVE WISHED THE SAME GOALS OF MINORITY ENTREPRENEURS AND SO SHE WAS COMFORTABLE WITH THAT AND THIS LANGUAGE PASS THE SENATE JOBS COMMITTEE UNANIMOUSLY WITH BIPARTISAN SUPPORT MINORITY MEMBERS OF THE COMMITTEE WILL LIKELY TO OUR COMMITTEE IS TO TAKE THE DAY HE AND I’M OFFERING BECAUSE IT HAS BIPARTISAN SAYS ALRIGHT AND THEN WE DON’T HAVE TO GO TO A CONFERENCE COMMITTEE AND HIGH THIS FURTHER IS IT IF WE COULD DO THIS IN THE HOUSE THE SENATE AND THEN JUST GET IT OVER TO TOGETHER WE CAN BE DONE WITH THIS; YOU KNOW MAYBE POSSIBLY AS EARLY AS NEXT WEEK; BUT IF WE HAVE TO GO TO A CONFERENCE COMMITTEE AND THEN GO BACK TO THE HOUSE AND SENATE FLOOR WHERE LOOK BEING AT A COUPLE WEEKS IF WE’RE LUCKY AND THEN IT WILL TAKE LONGER TO GET THE MONEY OUT SO MY MY CLEAN TO THE COMMITTEE IS TOO WILL THIS QUICKLY AND ADDRESS THE OTHER ISSUES THAT ARE COMING IN THE FUTURE AMENDMENT SEPARATELY BECAUSE. OUR BUSINESSES CANNOT WAIT SO THANK YOU MISTER CHAIR >> I I’M GOING TO GO TO REPRESENTATIVE STEVENSON ASKED FOR COMMENTS ON THIS AMENDMENT >> THAT MEANT A CERTAINLY SAY REPRESENT FOR MORE ON THIS WE HAD A GREAT CONVERSATION. WHILE BACK ABOUT THIS AND WE ABSOLUTELY SHARE THE SAME GOAL OF TRYING TO THE BUSINESSES THAT AND ROLE OF BILLY GRAHAM ALSO ARE I WANT TO MAKE IT RECOMMIT I THINK THIS GOES TO WORKERS OR WAS SAYING ONE IDEA THAT SAID OUR TO ROBERT NORWAY’S YESTERDAY WAS OPENING UP. WELL ON THIS PROGRAM TO A LARGER BUSINESSES THEM JUST THOSE THINGS. IT WAS MY ATTEMPT TO GET THAT LANGUAGE IN YEAH; I I FEEL SO SO I THINK IT’S POSSIBLE THAT I WANT TO SAY TO THE PROBLEM. THAT MONEY THAT BEFORE THE NEXT WHAT DO THAT AND WE’LL HAVE HIM ON. I ALSO JUST WANT TO QUICKLY ADDRESS A COUPLE POINTS THAT IN SIZING A THE HUGE THAT ALL BUSINESSES CAMP TO ANOTHER LONG CAME IN AND JUST WANT AFTER THE U.S. PROGRAM WALKING IN CERTAIN FOR 12 MONTHS AND THEM FOR THAT ALSO SMALL 100% FORGIVABLE THE NEXT CATEGORY 75% OF ALL. THERE’S ADVANTAGES TO GOING WITH THE BALL PROGRAM OVER GRANT PROGRAM AND A LOT OF WAYS. FOR ONE THING I THINK WE HAVE A

MUCH LARGER ALL AND 62ND PROCESS THE LAW UNDER THE DEAL WORKS OUT A POST SHE PROPOSES ONE ORGANIZATION IN THE METRO AREA. THE GRANT PROGRAM THAT 65% OF ALL BUSINESSES AND STATE IT’S NOT JUST US ALL PROGRAM WHICH WILL HAVE A LOT MORE AND IT ALL. I ALSO THINK THERE’S SOME QUESTIONS ABOUT WHAT HAPPENS IN THAT BILL A PROVISION WHAT KIND OF MONITORING IS THAT REQUEST FOR COMMENT ALL-PURPOSE WHAT HAPPENS AT THE END IT AND SEE WHAT HAPPENS IF IT ALREADY WAS STUDENTS THAT’S A LOT OF QUESTIONS WITH OVERTIME PROBLEMS THAT WAS ALL PART OF THE PROGRAM THAT A YEAR FOR CLOSING KNOW SORT REALLY WELL ON A MODIFIED ACCENT. OTHER PEOPLE THAT MOST NEED IT THE LAST THING I WANT TO POINT OUT IN THIS KIND OF GETS THE POINTS THAT I WAS SAID MR. A BARMAID OTHERS WHICH IS THAT IT’S VERY IMPORTANT THAT WE SPECIFICALLY FOR GOVERNMENT ALREADY OFFICE. AND I DON’T THINK SUFFICIENT JUST A BIT 6 THAT HE DOES HAVE A 0; 6; CATEGORY WHICH IS BASICALLY THE SAME. BUT I THINK WE NEED TO SPECIFICALLY. SET ASIDE SOME OF US FOR MORE ON THIS TRACK RECORD OF BEING ABLE TO REACH OUT TO WHAT ACROSS THE BOARD. YOU EAT IS ACTUALLY DONE A PRETTY GOOD JOB AND THE EXISTING YOU KNOW HISTORICALLY AN ACROSS THE BOARD THERE HIT HARDEST AND OUR A DIFFICULT THING. I REALLY SAW YOU THIS AMENDMENT THAT REPRESENT ROBBINS PROPOSES WOULD ELIMINATE PROVISIONS SETTING ASIDE MONEY TO THE CITY. MORE OFFICERS AND I I WOULD POST >> I WILL ADD THESE COMMENTS AND THEN WE WILL VOTE UH THIS BILL THE DEA TO LEAD THIS AMENDMENT. IT’S NOT TURNING UP MONEY ORIGINAL THE E AND IT REPRESENTS TO THEM DID NOT HAVE ENOUGH MONEY IN IT THE FEDERAL SYSTEM HAS FAILED OUR SMALL BUSINESSES AND THIS BILL SHOULD BE AT LEAST TWICE THE SIZE IT IS TODAY. REALLY MAKE AN IMPACT NO THE REALIZATION OF OUR BUDGET SITUATION RIGHT NOW HAVING SAID THAT THE CORPORATE TAKE THE WRONG >> THANK YOU. MISTER THE HOME REPRESENTATIVE HUNTER THE PRISON AND A BACKER REPRESENTATIVE CLASSROOM CAN REPRESENTATIVE US ON REPRESENTATIVE MACK ONE PRESENTED TO HER REPRESENTATIVE ROBERT REPRESENTATIVE SUNDAY REPRESENTATIVE AT ONE IF I COULD JUST ASK ALL MEMBERS

OF THIS >> PLEASE MAKE SURE YOU’RE ON YOU DID FOR THE ROLL CALL’S IT’S NOT THIS YEAR. BUT WE DO HAVE TO REPORT THIS TIME THAT IS ONE TOO >> WILL THE CLERK SEASON ON THE ROLL CALL WHEN YOUR TOTAL THEM UP RATHER THAN TRYING TO GET IT TO ME >> AND NOT BY I >> THE CLERK PLEASE ANNOUNCE THE ROLL CALL I I THINK I MISSED THE NAYS >> REPRESENTATIVE MY OWN REPRESENTATIVE NOR NO NOTE >> THE TO THE LEGISLATIVE ASSISTANT ALL YOU NEED TO DO TO TURN OUT THE NUMBERS I DID NOT HEAR. THEIR NUMBERS AT THIS POINT. >> I’M SORRY MISTER CHAIR THAT IS NOT KNOWN AND I I IT THAT OR AMENDMENT DOES NOT >> WE HAVE THE A 5 TO BEFORE WE GO TO THAT I’M GOING TO TELL PEOPLE IT’S ABOUT 1020. WE HAVE 3 OTHER AMENDMENTS DO WE’RE GOING TO WE’RE GOING TO PASS THIS BILL TODAY SO. WE’RE GOING TO GO INTO WOODEN REPRESENTATIVE GABBY PH THAILAND. >> I SHOULD LET YOU KNOW IF I CAN MANAGE TO COURT MAY >> ALTHOUGH THE I KNOW GO OVER YOUR COMMENT >> CERTAINLY MISTER CHAIR THANK YOU ALL BE MEMBERS IN STATUTE. WE HAVE A PROHIBITION A STATE CHARTERED FINANCIAL INSTITUTIONS; BANKS OR CREDIT UNIONS FROM OPENING BANK ACCOUNTS FOR CERTAIN INDIVIDUALS 5 AMENDMENT SIMPLY REMOVED THAT PROHIBITION LEAVING THE DECISION AS TO WHETHER TO OPEN BANK ACCOUNT FOR THESE INDIVIDUALS UP TO THAT LOCAL FINANCIAL INSTITUTION CAN ASSESS THEM AND THEIR WILLINGNESS TO WORK WITH THESE PEOPLE WE SEE THAT THE THE LAST ROUND OF FEDERAL CARES ACT STIMULUS FUNDING IS GOING FIRST TO PEOPLE WHO HAVE USED DIRECT DEPOSIT FOR THEIR FOLKS WHO ARE UNBANKED THE INDIVIDUALS TARGETED A U.S. SHE SECTION STATUTE ARE AT THE MARGINS OF OUR FINANCIALS SOCIETY. THESE ARE THE FOLKS WHO MOST NEED THAT STIMULUS CHECK TO BE ABLE TO ENDS MEET WE SHOULD THIS SIMPLY ALLOWS LOCAL FINANCIAL INSTITUTIONS TO BE THE ONES TO DECIDE WHETHER TO OPEN A CUP WITH THAT WAS SHARON STAND QUESTIONS; THANK YOU. THEY YOU HAVE A QUESTION BUT A PASSENGER EITHER ANY OTHER QUESTIONS >> MISTER CHAIR OF THE OTHER QUESTIONS NO I CAN’T RECOGNIZE BY THE BOY SO PLEASE GRAB YOUR OKAY; THANK YOU MISTER CHAIR OF PRESENTED CASA AZTECA >> THE THE C 8 BUT THANK YOU FOR RECOGNIZING ME I JUST KIND OF A QUESTION OF TO THE THERE OR TRYING TO. >> BUT SOME ASSISTANCE TO BUSINESSES TO CONTINUE TO OPERATE THEIR BUSINESS. I’M CERTAINLY THERE’S A LOT OF HIGH RISK AND ALL BUSINESSES RIGHT NOW >> AND WE UNDERSTAND THAT A HIGH PERCENTAGE OR A HIGHER PERCENTAGE OF BUSINESSES WILL BE OPEN FOR ME AND WE’VE GOT THIS AMENDMENT HOW DOES A BUSINESS THAT DOESN’T EVEN HAVE A CHECKING ACCOUNT. HOW DO WE EXPECT THEM TO SURVIVE THROUGHOUT THIS PROCESS; WHAT IS THAT LIKE THAT. IT SEEMS A AND CURRENT TO IT AT THAT IF YOU DON’T HAVE A CHECKING ACCOUNT THAT PEOPLE HAVE TAKEN A TOLL ON PARADE UP A BONAFIDE AND IT WILL TURN INTO

>> REPRESENTED AT ME. >> I WAS CHAIR I I THINK THAT THE QUESTION IS WHETHER WE AS THE STATE LEGISLATURE CAN BEST ASSESS THESE INDIVIDUALS AND THEY’RE BANKRUPTING US WHETHER BANKS AND CREDIT UNIONS CAN BETTER ASSESS THESE INDIVIDUALS FROM THAT I’M GOING TO LEAVE IT UP TO THE FINANCIAL INSTITUTIONS TO MAKE SUSHI >> REPRESENT OUR CAUSE DO YOU HAVE ANOTHER CAR >> OH I JUST APPRECIATE THE COMMENTS. THANK YOU. >> ARE THERE ANY OTHER QUESTIONS. ARE THERE ANY OTHER QUESTIONS SHANA CARGOS A WILL THE CLERK TO TAKE THE ROLE >> AND JUST BEFORE WE GET TO YOU I’M GOING TO ASK THAT YOU ARE ALWAYS THAT’S HIM MAKE SURE YOU ON YOU ONCE YOU GET YOUR NEW YOU ARE AS WELL WHEN I WANT AND TIME AND YOU WANT TO ACT TO ACT REPRESENTATIVE MAHONEY REPRESENTATIVE NEWER REPRESENTATIVE HUNTER REPRESENTATIVE GUNTER IT YET LENNON BACKERS BECAUSE THEY’RE HIGH REPRESENTATIVE ACRE REPRESENTATIVE CLAPPER WAS THAT AN EYE FOR AN EYE REPRESENTATIVE ADAM B I REPRESENTATIVE EC ONE REPRESENTATIVE HALEY REPRESENTATIVE A SON REPRESENTATIVE CAGLE I REPRESENTATIVE POSITIVE REPRESENTATIVE MACK ONE REPRESENTATIVE MORAN REPRESENTATIVE PROVINCE REPRESENTATIVE SUNDAY REPRESENTATIVE STEPHEN CENTER REPRESENTATIVE KNOW REPRESENTATIVE AFTER Q 13 EYES AND 3 NOS >> THANK I BOUGHT THE TEAM THAT REALLY A PIE IS ADDED TO THE BILL YOUR BASIC COULD BE A MAN >> YES I’D LIKE TO BE A 6 MEN TO BE BEFORE THE COMMITTEE MR CHAIR THE A 6 AMENDMENTS THANK YOU MISTER CHAIR; THE A 6 DEALS WITH HEY THE PAYDAY LENDING INDUSTRY HERE IN MINNESOTA. THIS IS A TIE I’M WHERE I WERE TALKING ABOUT THE NEEDS OF SMALL BUSINESSES ARE BUT THE NUMBER ONE IN THE SMALL BUSINESSES HAVE ITS CUSTOMERS THE PAYDAY LENDING INDUSTRY REMOVES A $150 BILLION A YEAR. IN INTEREST IN EXCESS OF ENTRY IN FEES FROM INDIVIDUALS AND COMMUNITIES A $150 BILLION A YEAR THAT INSTEAD COULD GO TO BUYING A TO GO AT A LOCAL RESTAURANT; A PAIR OF SHOES AT THE LOCAL STORE. A NEW RAN SHUTTLE OR GALLON PAINTED SO HARD WORK STORE AT A TIME OF ECONOMIC STRESS LIKE THIS WE NEED TO LOOK OUT FOR ARE WORKING TO

SO IT’S AND THE A 6 AMENDMENT SIMPLY CHANGES. PAYBACK PERIOD OF THE PAYDAY LOAN ALLOWING OUR WORK 12 EQUAL PAYMENTS IN WHICH TO PAY BACK THE LOAN OF THESE LOANS CARRY EXCESSIVE INTEREST RATE SO THE A 6 IS CLEAR THAT THE HEAT O O GRAYSON INTEREST RATE AND FEES ARE CALCULATED AND THEN THE BORROWER IS ALLOWED UP TO 12 MONTHS TO PAY THAT OFF THAT PROHIBITS SOME OF COM AND NEGATIVE CASCADING EFFECT OF A LOANS. THINGS LIKE BECAUSE THE PAYDAY LENDER HAS FIRST RIGHT TO MONEY IN THEM BORROWERS ACCOUNT IT PROVOKES THINGS LIKE DELINQUENCY ON OTHER BILLS. BANK LATE FEES PENALTY FEES. AND A COW FORECLOSURE >> FOR THE BORROWER. >> ALLOWING PEOPLE 12 MONTHS TO PAY BACK THE LOAN SIMPLY SMOOTHS OUT THE PROCESS KEEPS MONEY IN THE BORROWER’S POCKET KEEPS MONEY IN THE LOCAL BUSINESS COMMUNITY IS THEY’RE ABLE TO GO OUT AND SPEND IN THESE CHALLENGING TIMES WITHOUT MISTER CHAIR AND A STAND READY FOR QUESTIONS AND ASKED FOR MEMBERS SUPPORT. THE COSMIC YOU HAVE A QUESTION >> THANK YOU MISTER CHAIR COMMITTEE MEMBERS AND WELL ONE OF THE PREVIOUS I THINK THAT WAS CLOSER TO SOME REGULATIONS SO THAT WAS JUST WANT TO POINT THAT OUT FOR THE SOME THE REASON WHY THAT PROBABLY SHOULD BE INCLUDED IN THIS BILL; BUT I RECOGNIZE IT ASKED AH I WAS WONDERING IF THE REPRESENTATIVE BOB AND AUTHOR I WOULD COMMENT THAT WE HEARD TESTIMONY HERE TODAY THAT THE ADMINISTRATIVE FEES THE OVERALL ON THAT WE’RE DEALING WITH IN THIS. ARE RUNNING ABOUT 10% AND THE ADMINISTRATORS ARE SUGGESTING. BUT IT’S REALLY NOT EVEN COVER AND SOME OF OUR COST REQUESTING A TO HAVE TO BE CONSIDERED AS HIGH AS 15% WHICH IS THE CLEAT LITTLE BIT HIGHER I THINK I UNDERSTAND THE REASON FOR THAT REQUEST BECAUSE THE LOAN SIZE OR SMALLER AND THAT’S VERY SIMILAR TO WHAT PAYDAY LENDERS TO PROVIDE THAT CONVENIENCE FOR PEOPLE AND SO MEMBERS I BASED ON THE TESTIMONY WE HEARD PREVIOUSLY AND I THINK I WOULD OPPOSE THIS AMENDMENT I DON’T THINK IT’S HELPFUL >> NOW I RECKON BETTY. >> THANK YOU MISTER CHAIR; READY OF COSMIC YOU YOU AH USE YOU EXPLAIN NEW SHOW THAT THE CONTRAST QUITE YOU COMMENT ABOUT THE DIFFERENCE BETWEEN A 10%. FIANNA 15% BUT KEEP IN MIND AND A $100 PAYDAY LOAN. THE INTEREST AND FEES ARE OVER 300% AND THESE AREN’T VERY SAFE LOANS. THEY GET PAID BACK IN THE 9697 98% AREA SO THEY’RE VERY LOW RISK FOR THE LENDER A VERY HIGH EXORBITANT EXPENSE FOR THE BORROWER >> ALLOWING THE BORROWER MORE TIME TO PAY BACK THAT KEEPS MORE MONEY IN OUR LOCAL COMMUNITIES. THAT IS VALUABLE TO THE BORROWER >> ARE THERE ANY OTHER QUESTIONS. ARE THERE ANY OTHER QUESTIONS >> 2 HE’S NOT THE PALEY >> REPRESENT A LEE >> THANK YOU CHAIR; AND REPRESENTATIVE DAVNIE MY CONCERN ABOUT YOUR AMENDMENT IS SET WHEN I READ IT IT IT SEEMS LIKE A COMMERCE VISION TO ME AND IT WOULD REQUIRE THIS BUILDING TO GO THE COMMERCE COMMITTEE AND WOULD DELAY. >> THE ULTIMATE GOAL OF MOVING THIS BILL FORWARD AND GETTING MONEY TO SMALL BUSINESS OWNERS >> MISTER REPRESENTED AT THE >> THANK YOU MISS SHERIDAN PALEY THANK YOU FOR RAISING THAT I HAVE SPOKEN TO CHAIR HELGERSON OF COMMERCE CHEESE; ACCEPTING THIS AMENDMENT AND THE PREVIOUS AMENDMENT AND DOES NOT SEE A NEED FOR THIS BILL TOO GO TO THE CONGRESS COMMITTEE YOU’LL RECALL IN THE CONSTRUCTION OF THE JOBS ON THE SPILL COMICALLY E-COMMERCE POLICY PROVISIONS SUCH AS THESE ARE FOLDED INTO THE JOBS BILL AS IT MOVES TO THE FLOOR; SO THIS WOULD BE THE THOSE PROVISIONS WOULD END UP THE CAR >> THANK YOU REPRESENT DAMIANA. >> I’VE ALSO SPOKEN TO REPRESENT ELDEST SON BARRON SHE HAS SAID SHE IS NOT AS BECKY AND DATA INDICATED; SHE’S COMFORTABLE WITH THIS MOVIE. THE A JOBS COMMITTEE PROBABLY TIME >> SO A MUCH BETTER THAN OTHER QUESTION MARKS THERE IS ANOTHER

QUESTION THE CLERK WILL TAKE THE ROLE >> REPRESENTATIVE MOM REPRESENTATIVE MURDER REPRESENTATIVE HUNTER REPRESENT THE CLOUD REPRESENTATIVE US ON >> COSMIC NE REPRESENTATIVE FOR IT REPRESENTATIVE SUNDAY REPRESENTATIVE JOE >> FREEZE ANNOUNCED THE TOTALS WHEN YOU HAVE THAT >> I HAVE PRO EYES AND OR NOSE >> 6 AMENDMENT HAS BEEN ADOPTED THE A 7 OF THE CONTINENT >> THANK YOU MISTER CHAIR OF THE SENATE COMMITTEE TIME AND THE DRYNESS ARM. FOR THE SAKE OF TIME; BUT I THINK WE SHOULD KIND OF JUST MADE A LITTLE BIT OF A YOU KNOW THEM WITH THE BILL WAS OPPOSED TO THE QUICKLY I’M NOT SURE THAT THERE WAS A A COLLABORATION WITH THE MINORITY IN PUTTING THIS NECESSARILY TOGETHER DAY IN ON THE UNIQUE PROCESS TODAY WITH I’M KIND OF RUNNING OUT OF TIME IS A LITTLE BIT DIFFICULT WORLD OPERATING UNDER CHALLENGE US EYE TO EYE. I’M WONDERING I DON’T THINK IT MAKES SENSE TO TAKE HALF A MILLION DOLLARS THAT WAS APPROPRIATED. THE SMALL BUSINESS LOAN GUARANTEE PROGRAM THAT ANOTHER $5 MILLION TO DO. MILLION FOR THE SMALL BUSINESS WORKING ON A PROGRAM THAT ACTUALLY LOOK THE. SPEAK IT’S A CHALLENGE FOR BUSINESS AS THOUGH THEY ARE ABLE TO GET ONE >> YOU CUT OUT THERE BECAUSE NICK THANK BEEN KIND TO THE A 7 IS THEY WE ARE BACK ON THE HAS FILED FOR T O 7 AS AMENDED ARE THERE QUESTIONS FOR THE AUTHOR OR ANY OF THE TEST THE FIRE SO FAR >> FOR US REPRESENT COSMIC. THANK IN TO THE YEAH THERE ALONG THE U.S. ENOUGH MINORITY ON BUSINESS AREA OF THE TARGET ON THERE WAS NO LONGER CAPTION THERE. SOMETHING THAT’S CAN YOU CUT OUT. >> REPRESENTS HUMANS AND DID YOU GET THE QUESTION >> I THINK EVEN QUESTIONS ABOUT WHY THERE’S NO WRONG. YEAH IN

SECTION DEALING WITH US BUSINESSES AND THE ANSWER TO THAT QUESTION IS THAT WE’RE TRYING WIDE VARIETY OF ENTITIES THERE RANGING FROM VERY SMALL BUSINESSES THAT ARE IT WAS A BUSINESS TRYING TO THIS. INCUBATORS MARKETS THAT WE HAD A LOT OF DISCUSSION ABOUT THAT AND MORE CARTER AMONG TALENT THINK AND THOSE WILL REQUIRE LARGER MALLS IN SOUTHERN AND MORE FLEXIBILITY FOR YOU AND ADMINISTRATING THAT PORTION OF THE PROGRAM. I DON’T THINK THE EXPRESSION >> DIRECTORS HERE AND I I WANT YOU TO REMEMBER THAT THESE THEY’RE NOT TO MENTION TO METRO INTO DATERS THERE ARE THESE TYPE OF INCUBATORS ACROSS THE STATE FROM SAINT CLOUD AND THE NORTHLAND DOWN TO THE IOWA BORDER; SO THIS IS OPEN ALL SUCH THIS RESEARCH I WANT THAT TO BE VERY CLEAR ON THE RUN HER DAD HE THINK THE RAIDERS CAN APPLY IT WILL BE UP TO WHOEVER HAS THE MONEY IS SENT TO FROM DEDE TO MAKE DETERMINATIONS ON THAT. THERE ANY OTHER QUESTIONS >> ANY OTHER QUESTIONS OF MISTER CHAIR; A BAR OF NICK. >> USUALLY IT WORKS AND YOU KNOW; I’M STARTING TO BECOME A FAN OF BROAD BAND EVEN IN THE LATE. >> JUST A COUPLE IS SORRY ABOUT THE CONNECTION HERE THAT AND I DIDN’T HEAR THE ANSWER FROM AUTHOR OF THE VOTE COUNT. IT AREN’T I I THINK IT’S PERHAPS TO HAVE A SOME TARGETING AND MINORITY OWNED BUSINESSES UP; BUT I THINK IT’S I APPRECIATE REPRESENTATIVE ROBBINS UP ATTEMPT TO EXPAND ITS MORE BUSINESS SECTORS AS WE’RE TALKING ABOUT BUSINESS THINK IT WOULD BE APPROPRIATE HALF THE DISCUSSION OF TAKING OFF THERE ARE IT WON’T BE THE BEST ON HAVE THAT DISCUSSION TO DRUM UP BUSINESS ORGANIZATIONS LIKE OUR CHAMBERS THAT ARE I’VE BEEN SO MUCH RESOURCES AND INFORMATION. 2 ARE STRUGGLING BUSINESS AS SUSPICIOUS. CHAMBER COMMERCE BUT I’M SURE IT’S BEEN REPLICATED ACROSS IT’S THE STATE THAT THESE OF COURSE HAVE ADDITIONAL AHEAD OF THAT SHOULD PROVIDE A REFUND JUST UP AND SOME OF THIS RELIEF SO THAT THEY CAN CONTINUE TO PROVIDE ASSISTANCE AND DIRECTION TOO OUR BUSINESSES LOCALLY A PART OF A PAIN THESE LOANS AND OTHER RESOURCES THAT ARE AVAILABLE. IN ADDITION TO ALL BUSINESSES CAN YOU IMPROVE THEIR OPERATIONS AND THAT WAS A COMMENT THAT I WANTED TO BUT I WON’T BE VOTING FOR THE BILL NOW I WOULD. ALSO PART OF A PROCESS. IN THESE CHALLENGING TIMES SHOULD BE MUCH MORE CO-OPERATIVE I RECOGNIZE THAT NECESSARILY THE AGREEMENT THAT WE LAST COUPLE WEEKS AMONG THE 4 ACTRESSES. BUT I THINK IT’S SHOWN THAT A POPE OF METS UP LOAN I’M NOT ALONE. BILLS TO BE A BETTER PLANNED OUT TO AVOID A LONG DURATION ON THE HOUSE FLOOR DIFFERENT AMENDMENT TO STOP THAT IF THIS BILL DOESN’T HAVE MORE COOPERATION ON AND I DON’T KNOW WHAT THE EXACT PATH REPRESENTED STEVENS BUT I THINK JOE WILL BE IN FOR A VERY LONG ARDUOUS SAW FLOOR AMENDMENTS AND DISCUSSIONS AND SO IN MICE THAT IN ADVANCE ON THAT WOULD BE GREAT TO APPRECIATE WHAT YOU’RE DOING THE RECOUNTS. THE EVENTS ON THE WALL. ALL ENCOURAGE YOU TO TAKE SOME OF THE COMMENTS MADE BY THE MINORITY AND AS WE MOVE FORWARD. THANK YOU. MISTER CHAIR >> THANK YOU REPRESENTATIVE KHAN NECK AND I I’M SURE REPRESENTATIVE A HEARING AND WHAT IS OPEN TO ANY IDEA THAT WE CAN MOVE THIS FORWARD A LARGE IN A PACKAGE FOR WHAT HAS HAPPENED IN OUR STATE AND OUR NATION. AND THE FEDS TOO MANY LAWYERS AND TO MANY LOBBYISTS DOWN THERE THEY SEEM TO BE ABLE TO GET LARGE PARTS THESE DOLLARS TARGETED TOWARDS M WHEREAS ARE SMALL BEER. THIS IS THE ENTREPRENEURS THAT ARE GOING TO GROW. MEDTRONIC’S AND 3 M AND OTHERS WE NEED TO GIVE THEM THAT LIKE UPS OR I’M I’M HAPPY TO EXPAND THIS BILL AS MUCH AS POSSIBLE AGAIN I THINK THIS BILL IS NOT LARGE ENOUGH HAVING SAID THAT I WILL NOW TURN IT OVER TO THE OTTER FOR ANY

CLOSING COMMENT AND YORK ROLL CALL MUSTER ARE OTHER QUESTIONS >> MISTER MISTER CHAIR AND WE MUST REPRESENT THE 82ND I JUST GOT I JUST GOT A TAX THAT REPRESENT A BACKER HAS A QUESTION. THERE ARE REPRESENTED HALEY I WILL CALL YOU NEXT. THANK YOU >> YEAH; I JUST WANT TO LET LET THE CHIPS RESULT CHERNOW AND AND MEMBERS I’D BEEN ON SINCE DAY SINCE INITIAL CALL SO DID NOT HEAR THE BALL TOWARD OR TACTICAL REASON I DO APPRECIATE WHAT THE OFFICERS TRYING TO DO IS MORE QUICK COMMENT. I’M DISAPPOINTED THAT REPRESENTATIVE ROB AN AMENDMENT TO ADD I’M A SMALL BUSINESS OWNER. WE ARE DOING EVERYTHING WE HEARINGS WESTERN MINNESOTA WHERE WE ARE HAVING ARE SET UP SO I I’M I KNOW WHAT YOU’RE TRYING TO DO. OH AND I APPRECIATE THAT AT THE SAME TIME AND VERY CONCERNED ABOUT NOT HAVING REPRESENTED HER OWN PROBLEMS AMENDMENTS I THINK THAT REALLY WOULDN’T MAKE THIS A A BETTER BILL SO THAT WAS ME THE COMMENT AND THEY WANTED TO BE ON THE RECORD TO ON ALL THOSE OWN BOATS BUT NOBODY COULD HEAR ME SO THANK YOU >> AND PURPOSES BACK OR I UNDERSTAND SOME CONCERNS BUT I DO WANT TO POINT OUT THAT CRUMP WHO REPRESENTED THE LAW BLUNT AMENDMENT. YOU CAN’T BE REDUCED THE AMOUNT OF MONEY AND THIS PARTICULAR BILL. THAT WAS MY BIGGEST CONCERN. WE NEED TO MAKE LARGER TO HELP ALL OF THESE BUSINESSES AND THE EMERGENCY LOAN PACKAGE. AND THIS BILL HAS $30 MILLION WHEREAS REPRESENT ROBIN THAT MEANT THEY DO THAT TO MILLION. AND THAT WAS MY MAIN CONCERN WITH THIS PARTICULAR THAT PARTICULAR KAYLEE >> I THANK YOU MISTER CHAIR AND TO THE BILL AUTHOR. CAN YOU EXPLAIN THE PROCESS OF EACH BACKFILLING THE $50 MILLION FROM THE GENERAL FUND WHEN THE FEDERAL COME THROUGH THAT IS MY MAIN CONCERN ABOUT YOUR BILL THANK YOU REPRESENTATIVES >> I THANK YOU. MISTER CHAIR REPRESENT KAYLEE SO OF THE BILL FIRST WILL DRAW ON THE CARES ACT MONEY IF IT’S AVAILABLE BY MAY 15 BUT YOU KNOW I HAVE PRETTY LOW SPECHT TENSIONS FOR THE FEDERAL GOVERNMENT AND IT WE DON’T WANT TO PUNISH ARE TOLD IS THE SUITS FOR THE LACK OF TIMELINESS ON THE FEDERAL GOVERNMENT AND SO IF THE BODY IS NOT AVAILABLE FROM FEDERAL GOVERNMENT 15 WE WILL USE AND GENERAL ON TO MEET THIS NEED AND THEN PRESS A LATER POINT WE APPROPRIATE MONEY FROM THE CARES ACT TO COVER THAT >> YEAH I GUESS IT’S JUST MY CONCERN THAT WE’RE NOT SURE HOW THAT PROCESS WORKS RIGHT NOW AND I WANT TO ECHO REPRESENTED CAUSE NEXT COMMENTS A BIT. I WISH WE HADN’T ALLOWED MORE TIME TO FULLY BACK THIS BILL I THINK THIS PROCESS WAS A LITTLE RUSSIAN; I’M I’M STILL NOT CONVINCED THAT THIS STILL WOULD NOT BE REQUIRED TO GO THROUGH COMMERCE. SO THERE’S JUST A LOT QUESTIONS ON MY AND BETTER TO OPEN ENDED RIGHT NOW FOR ME TO SUPPORT IT. ALTHOUGH I SUPPORT OUR PROCESS HERE TO GET MONEY TO OUR SMALL MIKE BUSINESSES; I JUST DON’T KNOW THAT THIS IS THE RIGHT APPROACH TODAY >> THANK YOU ARE THERE ANY OTHER QUESTIONS. ANY OTHER QUESTIONS OR COMMENTS LOUIS STEVENSON O CO WRITER WHO WHO BROUGHT WHO CALL >> AND SO MISTER CARTER SAID ROBBINS I HAD MY HAND RAISED THAT YOU MAY NOT BE ABLE TO SEE THAT >> I’M CHRIS CHRISTIE >> THANK YOU MISTER CHAIR; I’LL BE BRIEF I JUST WANT TO SAY TO YOUR POINT SIR THAT THIS IS NOT BIG ENOUGH I AGREE WITH YOU. BUT I WAS TRYING TO BALANCE TO FISCAL RESPONSIBILITY IN CASE THE MONEY DOES HAVE TO COME OUT OF THE GENERAL FUND >> THEY NEED AND >> WITH ALL RESPECT MY BILL WENT TO NASA AND THIS BILL WILL NOT BE ENOUGH AND SO I DO HOPE TO FOLLOW UP WITH DEPUTY COMMISSIONER MCCANN AND WHAT ARE PATHWAYS WE CAN’T GET ACCESS TO SOME OF THE SUSPECT MONEY I KNOW THE STATE IS IN LINE TO GET BILLION AND SO I THINK WE AS REPRESENTATIVES JUST DON’T HAVE A VERY GOOD IDEA. HOW THAT’S COMING INTO THE STATE AND WHAT IT CAN BE USED FOR AND HOW MUCH OF IT HAS BEEN USED RIGHTLY SO FOR PPE AND LA THERE’S AN HOUR HEALTH CARE TESTING NEEDS SO WE ALL SUPPORT THAT; BUT IF THERE’S OTHER MONEY AVAILABLE. I THINK WE ALL WOULD BENEFIT FROM UNDERSTANDING WHAT THAT CAN BE USED FOR AND HOW WE CAN ACCESS THAT MONEY. SO THANK YOU MISTER CHAIR. >> THANK YOU REPRESENTATIVE OR REPRESENTATIVE STEPHEN >> THANK YOU MISTER CHAIR OF

THE VERY RECENT JUST SAY THAT I ALL THE COMMENTS TODAY AND I DO TO BE COLLABORATIVE AS I MENTIONED. >> ALRIGHT I’VE HAD CONVERSATIONS RIPPED ROBINS CENTER AT OTHERS ABOUT THIS I’M ALWAYS WHY HE TO TALK TO ANYONE IN FACT THE DISINTEGRATION ABOUT OPENING UP THE LOANS BEYOND WHAT’S CURRENTLY ALLOWED OF THE EXECUTIVE ORDERS IS ONE THEM VERY INTERESTED IN THAT CAMP THAT’S A PLACE THAT JUST RELY ON TO ITS OWN PEOPLE. DO THAT IN THE QUICKER MY FEET MAYBE I WOULD WANT TO DO BY REPRESENTATIVE ROBERT NEXT A PART OF SO WON’T WILL CONTINUE TO WORK UH HUH BUT OTHER THAN THAT THIS IS A GOOD BILL FOR HIS BOOK >> WE HAVE BEFORE THE 15 ’07. AS AMENDED PASSED AND SENT TO WEIGH-IN ME AND I’M GOING TO ASK STAFF THERE I WANT TO MAKE SURE THAT THE THAT ARE YEAH NON-PARTISAN STAFF CAN A TECHNICAL CHANGES SO THAT WERE I SAY THIS MISTER MOMENT >> THANK YOU MISTER CHAIR NOW IS A PERFECT IT’S PERFECT TIME TO SEND A THANK YOU >> SO I WANTED STAFF TO KNOW THAT THEY CAN MAKE THE TECHNICAL CHANGES AS NEEDED TO THIS A BILL BEFORE IT GETS TOO WAYS AND MEANS IF ANYONE’S CONCERNS THAT ARE RELATED TO REPRESENTATIVES WHO CAN BE ADDRESSED AND BATTERED WHERE CAN REMEMBER HAVING SAID ALL THAT AND THE CLERK WILL TAKE THE ROLE >> ARE REAL. >> MAKE SURE YOU HAVE THE OPPORTUNITY ONE HUGE YOURSELF YOU DON’T HEAR HIM OR HER >> REPRESENTATIVE LONG ONE OF THE NEWER I REPRESENTATIVE HUNTER REPRESENTATIVE BACKERS REPRESENTATIVE BACKER >> BUT I’M BACK OR NO REPRESENTATIVE PLAQUE ONE REPRESENTATIVE GABBY REPRESENTATIVE EC ONE REPRESENTATIVE HEY NO REPRESENTATIVE TO US AND I REPRESENTATIVE CAUSING IT REPRESENTATIVE MACK ONE REPRESENTATIVE MORAN REPRESENTATIVE SUNDAY I PRESENTED TO YOU CONSIDER THE EYE. REPRESENTATIVE YOUNG MISTER CHAIR WE HAVE 12 WISE IN 5 KNOWS >> THANK THANK YOU MEMBERS HOSTILE 15 ’07 AS AMENDED AND TURN TO WAYNE ROONEY THANK YOU ALL FOR COMING TODAY; WE’RE GETTING ON THE COMMITTEE HEARING THE ONLY OTHER PIECE OF BUSINESS THEY WANT TO MAKE PEOPLE AWARE THAT WORK TRYING TO GET A SPACE. NEXT WEEK WE’RE HEARING BRINGING THE UNEMPLOYMENT NEED UNEMPLOYMENT AND TO GIVE US A. AN UPDATE ON WHAT’S GOING ON ANY OF THE MEMBERS AN

OPPORTUNITY TO ASK QUESTIONS IS THERE ANY OTHER BUSINESS BEFORE THE COMMITTEE TODAY IS THERE ANY OTHER BUSINESS BEFORE THE COMMITTEE TODAY WE ARE PLEASE WATCH YOUR E-MAILS OR ANY INFORMATION ON A U I A HEARING NEXT WEEK. THANK YOU ALL FOR YOUR ATTENTION TODAY. AND WE HOPE THAT WE CAN NEGOTIATE WITH THE SENATE. AND NOW THE OFFICE >> AND GET IT UP EVEN PARTNER I THINK OUR BUSINESSES IN THE STATE OF MINNESOTA MARK; BUT IT’S LATER THANK YOU ALL