The bill proposes an appropriation of $1,000,000 from the general fund for the fiscal year 2025 to support the Entrepreneur Fund. This funding is intended to enhance the Entrepreneur Fund's revolving loan funds, specifically targeting unmet financing needs for for-profit business startups, expansions, and ownership transitions in northeast Minnesota.

This appropriation is characterized as a one-time funding initiative aimed at fostering economic development in the region by providing necessary financial resources to local entrepreneurs and businesses. The bill emphasizes the importance of addressing the financing gaps that exist for businesses in this area, thereby promoting growth and sustainability within the local economy.