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Minnesota Agencies

Information on Minnesota State Agencies, Boards, Task Forces, and Commissions

Compiled by the Minnesota Legislative Reference Library

Minnesota Agricultural and Economic Development Board

Active dates:1987-

The board issues revenue bonds backed by a state reserve for projects that provide for agricultural and economic development in the state. The board applies bond receipts to loans and loan guarantees to private firms for the purchase of real estate and capital equipment.


Minnesota businesses may obtain subsidies in the form of reduced borrowing costs from the Minnesota Agricultural and Economic Development Board. State law gives the board unlimited authority to issue revenue bonds on behalf of Minnesota businesses. For some businesses, the board issues tax-exempt bonds, which have a lower interest rate than taxable bonds. The lower interest rate reduces the business' borrowing costs.

Subordinate to:
Department of Employment and Economic Development

Initially the board consisted of the commissioner of finance as chair, the commissioner of agriculture, the commissioner of commerce, the commissioner of energy and economic development, and the director of the pollution control agency, the president of the Greater Minnesota Corporation, and two public members with experience in finance, appointed by the Greater Minnesota Corporation.

As of 2012, seven members. Membership consists of the commissioner of management and budget as chair, the commissioner of agriculture, the commissioner of employment and economic development, the commissioner of the Pollution Control Agency, the president of Enterprise Minnesota, Inc. or the president's designee, and two public members with experience in finance, appointed by Enterprise Minnesota, Inc.

Entries for this agency in the Annual Compilation and Statistical Report of Multi-Member Agencies Report: 2023, 2022, 2021, 2020, 2019, 2018, 2017, 2016, 2015, 2014, 2013, 2012, 2011, 2010, 2009, 2008, 2007, 2006, 2005, 2004, 2003, 2002, 2001, 2000, 1999, 1998, 1997, 1996, 1995, 1994, 1993, 1992.

Note: This report provides membership details as well as meeting information and a summary of the group's activities.

News clippings and documents. Agencies Notebook Collection, 1997.
Record last updated: 07/25/2023

All information on this group from the Library’s collection of agency notebooks has been digitized. These materials are incorporated into the “documents/articles” section of the record. Please contact a librarian with any questions. The Minnesota Agencies database is a work in progress.

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