THE PROMISE ACT IS INSPIRED BY THE VOICES, STORIES,
AND STRENGTH OF MINNESOTANS WHO ARE DEDICATED
TO REBUILDING OUR CITIES AND COMMUNITIES.
- Create a special panel to review cases and provide direct compensation to impacted individuals.
- Partner with cities and community organizations to create economic relief programs for impacted businesses and organizations.
- Give local units of government flexibility and tools to prevent gentrification.
- Direct the Minnesota Department of Commerce to assist business owners, and require insurance companies to notify the department of any rejected claims.
- Help with the rising cost of leases for eligible residential and commercial properties.
- Eliminate the sales tax on the purchase of construction materials used to rebuild damaged or destroyed properties.
- Provide property and sales tax cuts for eligible properties.
- Establish a Metropolitan Area Redevelopment Corporation to create a long-term plan for equity-driven redevelopment and transformation.