The Minnesota House passed the omnibus Jobs and Economic Development Finance Bill late Wednesday night. Local Democratic State Representative Clark Johnson says that the bill contains $30-million for the Minnesota Investment Fund, as well as $24-million for a job creation fund. Johnson says the bill also includes the largest business tax cut in the state’s history through a reduction in the rate that employers pay on unemployment insurance. It also increases the funding for the Minnesota Housing Finance Agency by $22-million, to $98-million in the next biennium. The money will be used for homelessness prevention, helping low income people with rent, and developing more affordable housing in Minnesota.