This bill appropriates a total of $2,000,000 from the general fund for fiscal years 2026 and 2027 to support small business growth in Minnesota, specifically targeting manufacturers. The funds are allocated to the commissioner of employment and economic development for grants to Enterprise Minnesota, Inc. The first appropriation of $1,000,000 is designated for the "Made in Minnesota" program, which aims to directly invest in Minnesota manufacturers. The second appropriation of $1,000,000 is intended to provide various services to small manufacturing companies with 250 or fewer full-time equivalent employees, including talent development, employee retention, and quality management systems.

Additionally, the bill mandates that Enterprise Minnesota, Inc. submit reports by February 1 of both 2026 and 2027 to the relevant legislative committees. These reports must detail the amount of funding awarded, the estimated and actual financial impacts on the companies served, and the total federal funding leveraged from the Manufacturing Extension Partnership. The bill also instructs the revisor of statutes to update the terminology in Minnesota Statutes, changing "small business growth acceleration program" to "Made in Minnesota program" where applicable.