SAINT PAUL, Minn. – Today, the Minnesota House approved the PROMISE Act – a comprehensive plan to help businesses rebuild and recover from the recent civil unrest. Many of businesses impacted were Black, immigrant, and communities of color-owned. PROMISE stands for Providing Resources, Opportunity and Maximizing Investments in Striving Entrepreneurs.
“The pain resulting from George Floyd’s horrific killing remains with each of us, and enacting bold police accountability reforms is of the utmost urgency. While we advocated for these overdue solutions, businesses were destroyed by unrest, and we have a responsibility to help them rebuild,” said Rep. Fue Lee (DFL – Minneapolis). “I’ve never seen our community come together like it did after the unrest, with neighbors helping neighbors get through these tough times. There is much work remaining, and the PROMISE Act is our next step to ensure neighborhoods can recover and the small businesses that contribute so much to our community’s vibrancy can thrive again.”
The PROMISE Act will invest in communities like North Minneapolis and includes the following measures:
The Star Tribune estimates that nearly 1,500 buildings in the Metro area were damaged during a five-day period.
Rep. Lee’s remarks on the House Floor can be viewed on YouTube here.