The bill focuses on economic development by appropriating funds to support small business growth in Minnesota. It allocates $1,000,000 for both fiscal years 2026 and 2027 from the general fund to the commissioner of employment and economic development. These funds are designated for a grant to Enterprise Minnesota, Inc., aimed at investing in Minnesota manufacturers through the Made in Minnesota program. Additionally, another $1,000,000 is appropriated for Enterprise Minnesota, Inc. to provide various services, including talent development and manufacturing advisory services, specifically targeting small manufacturing companies with 250 or fewer full-time equivalent employees.

Furthermore, the bill mandates that Enterprise Minnesota, Inc. submit reports by February 1 of both fiscal years, detailing the financial impact of the awarded funds, including the amount distributed, estimated and actual financial impacts on recipient companies, and the total federal funds 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" wherever it appears.