Approximately $100 million to $200 million will be deposited in Minnesota's community banks for lending to their customers - principally small businesses throughout the state.
The announcement comes on the heels of the Governor's Jobs Summit, where over 800 business, government and academic leaders came together to discuss how to create jobs and build a better Minnesota.
“Entrepreneurs need to know that we are going to work aggressively to give them the tools they need to create jobs,” Dayton said, according to the Star Tribune . “Today, I am taking action to spur investment in the small businesses that fuel Minnesota’s economy.”
Check out other coverage of the announcement below: