The bill appropriates $4,000,000 from the general fund for the fiscal year 2024 to the commissioner of employment and economic development. This funding is designated for a grant to the city of Shakopee to design, construct, furnish, and equip the Innovation Hub, which will function as a regional workforce training and entrepreneur incubator facility. The appropriation is a one-time allocation and will remain available until the project is either completed or abandoned, in accordance with Minnesota Statutes, section 16A.642.

Additionally, the bill includes a provision stating that the section regarding the appropriation will take effect the day following its final enactment.