The bill appropriates $4,500,000 from the general fund for fiscal year 2026 to the commissioner of employment and economic development. This funding is designated for a grant to the Neighborhood Development Center to design, construct, furnish, and equip a new entrepreneur innovation center in the Lake Street Corridor of Minneapolis. The center aims to support entrepreneurs from low-income communities by providing space for business development, which may include facilities such as a technology accelerator, a beauty, health, and wellness incubator, community event space, and retail space. The appropriation is a one-time allocation and will remain available until the project is completed or abandoned.

Additionally, the bill includes a provision stating that it will take effect the day following its final enactment. This new legal language emphasizes the importance of the project and its intended impact on fostering entrepreneurship within the community.