HF 1656 (Acomb) is a bill to establish the Minnesota State Competitiveness Energy Fund, enhancing the ability of Minnesota entities to obtain federal funding for energy projects.
Under the Infrastructure Investment & Jobs Act of 2021 (IIJA) and Inflation Reduction Act of 2022, the federal government has provided significant grant opportunities to help states, local communities, and other entities accelerate the clean energy transition. By establishing the Minnesota State Competitiveness Energy Fund, the Legislature will provide funding for Minnesota entities to meet matching requirements and use grant development assistance, allowing them to capture federal funding opportunities for use on local energy projects.
