The bill proposes an appropriation of $180,000 from the workforce development fund for the fiscal year 2025. This funding is designated for the commissioner of employment and economic development to provide a grant to Equitable Development Action. The purpose of this grant is to support programs and offer technical assistance specifically aimed at underserved businesses.
This initiative is part of a broader effort to enhance workforce development and promote equitable economic opportunities within the state of Minnesota. By targeting resources towards underserved businesses, the bill seeks to foster inclusivity and support the growth of diverse enterprises in the local economy.