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BOARD/COMMISSION:  Minnesota Agricultural And Economic Development Board

(MN Ag Board)

Address

180 E 5th Street
Suite 1200
St. Paul, MN
55101


Supporting Entity/Enabling Legislation Supported by Department of Employment and Economic Development

ENABLING LEGISLATION
M.S. 41A.02
Enabled: 07-01-1984
Revisor of Statutes Link

Chair and Contact
CONTACT
Jason Burak
(651) 259-7338
CHAIR
Kevin McKinnon
(651) 259-7440
TITLE
NAME
EMAIL
PHONE
PRIMARY
Board Support Staff
Jason Burak
jason.burak@state.mn.us
(651) 259-7338
Yes
Contact
Stephen Wolff
Stephen.wolff@state.mn.us
(651) 259-7415
No
TITLE
NAME
EMAIL
PHONE
PRIMARY
Chair
Kevin McKinnon
kevin.mckinnon@state.mn.us
(651) 259-7440
Yes
Membership
The 7 members include two public members with experience in finance, appointed by Enterprise Minnesota; the Commissioner of Minnesota Management and Budget, the Commissioner of Agriculture, the Commissioner of Employment & Economic Development, the Commissioner of the Pollution Control Agency, and the president of Enterprise Minnesota, or designees. The board has designated the DEED Commissioner as chair.
Member Info

COMPENSATION

  • Per Diem: $55.00
  • Other Compensation: Board members do not take a per diem

MEMBERSHIP DETAILS

  • Requires Older Member - no
  • Requires Senate Approval - no
  • Members file campaign finance and disclosure - yes
Entity Powers and Duties, Activity Summary
 The Board serves as a statewide "conduit" bond issuer for select transactions meeting eligibility requirements. The board also has the ability to provides business loans for agricultural and economic development projects. The loans are funded by an existing fund or through the issuance of bonds backed by a reserve fund.

ACTIVITY SUMMARY

Loans and Conduit Bond Issues
Meeting Information
Meetings typically last: 4
Meeting Frequency: Meetings are held as needed, typically at least quarterly in most fiscal years.

Meetings are held at:
Meeting are held at the MN Dept. of Employment & Economic Development.


Fiscal Information
Annual Staff Hours: 180.00
Total Appropriations: $0.00
Appropriations Description:
Fiscal Year Expenses: $0.00

Expenses Description:

The Board and staff do not have expenses. The Board does collect market rate fees for issuing bonds, holding TEFRA hearings, and application fees.
Open Positions (0)
No Open Positions
NAME POSITION APPLICATION DATE
John Iverson Public Member 3/18/2025
Dale Lewis Public Member 3/24/2025
No pending appointments found.
POSITION/SEAT
APPOINTING AUTHORITY
MEMBER NAME
STATUS
TERM END
Direct Appointments
Commissioner - Department of Agriculture
Commissioner of Agriculture
Andrea Vaubel
Filled
08/07/2027
Commissioner - Department of Employment and Economic Development
Commissioner of Employment and Economic Development
Kevin McKinnon
Filled
04/05/2027
Commissioner - Minnesota Management and Budget
Commissioner of Management and Budget (MMB)
Jennifer Hassemer
Filled
07/31/2027
Commissioner - Minnesota Pollution Control Agency
Commissioner of the MN Pollution Control Agency
Dana Vanderbosch
Filled
11/06/2027
President - Enterprise Minnesota
Enterprise Minnesota
Bob Kill
Filled
07/01/2027
Current Members (2)
POSITION/SEAT
APPOINTING AUTHORITY
MEMBER NAME
STATUS
TERM END
Public Member
Public Member #1
Enterprise Minnesota
Briana Mumme
Filled
04/06/2027
Public Member #2
Enterprise Minnesota
Dale Lewis
Filled
01/06/2029
ALL BOARDS/COMMISSIONS

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The Office of the Secretary of State is an equal opportunity employer