The bill proposes an appropriation of $4,500,000 from the general fund for the fiscal year 2026 to support the establishment of an entrepreneur innovation center in the Lake Street Corridor of Minneapolis. The funds will be granted to the Neighborhood Development Center for the design, construction, furnishing, and equipping of the center, which aims to provide resources for entrepreneurs from low-income communities. The facility is expected to include various spaces such as a technology accelerator, a beauty, health, and wellness incubator with a small-batch production kitchen, community event and meeting areas, a food production kitchen, and retail space. This appropriation is designated as a one-time funding source and will remain available until the project is either completed or abandoned.

Additionally, the bill includes a provision stating that it will take effect the day following its final enactment. This ensures that the funding and plans for the entrepreneur innovation center can be initiated promptly upon the bill's passage.