The bill proposes an appropriation of $4,500,000 from the general fund for the fiscal year 2024, specifically allocated to the commissioner of employment and economic development. This funding is intended for a grant to support the North Minneapolis community, in collaboration with nonprofit partners, to establish a year-round indoor public market. The project aims to acquire property and cover the costs associated with predesign, design, construction, renovation, furnishing, and equipping the market, which will serve as a gathering place for local youth and families to connect with their history, culture, and engage in commerce.

This appropriation is characterized as a one-time funding initiative, with the allocated funds remaining available until the project is either completed or abandoned, in accordance with Minnesota Statutes, section 16A.642. The establishment of the public market is envisioned as a significant community resource that fosters connection and economic activity within North Minneapolis.