A bill providing 167 million dollars in grants and loans to businesses and non-profits in riot-torn areas of the Twin Cities is moving toward a vote in the Minnesota House after clearing a key committee on a vote of 9-to-6. Backers of the bill want to avoid what they call “gentrification” — big corporations opening stores and extracting wealth from the community:
“I’m not against Starbucks, but I don’t want Starbucks and Trader Joe’s and all of these mainstream businesses to open up (on) Lake Street.”
Minneapolis Representative Hodan Hassan says she wants Lake Street to remain Lake Street with locally-owned businesses. The Trump administration last week denied Governor Tim Walz’s request for federal disaster assistance.