Fiscal Impact
A fiscal note shows the financial impact of a given legislative action.
Grant application to the Minnesota Department of Employment and Economic Development (DEED) for the Convention Center relief grant - Fiscal Note
No
Minneapolis Convention Center
01760 8650130
Yes
March 16, 2020 - December 31, 2020
No
01760
This grant provides one-time relief specifically for convention centers impacted by the COVID-19 pandemic in 2020. The convention center has, and will continue to utilize a number of cost saving measures to ensure we can meet our obligations.
Up to $500,000 in grant funds will be used to support facility costs in the areas of insurance, payroll, and utilities
BUDGET IMPACT
List of revenues and expenditures related to this request
| Request Financing | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue Sources | |||||
| DEED Convention Center Relief Grant | $500,000 | ||||
| Total Revenues | $500,000 | $0 | $0 | $0 | $0 |
| Expenditures | |||||
| Total Expenditures | $0 | $0 | $0 | $0 | $0 |
| Net Budgetary Impact (Revenue-Exp.) | $500,000 | $0 | $0 | $0 | $0 |
Not Applicable
Not Applicable