The bill proposes an appropriation of $6,425,000 for the Small Business Assistance Partnerships Program in both fiscal years 2026 and 2027. This funding is allocated from the general fund to the commissioner of employment and economic development, specifically for the program outlined in Minnesota Statutes, section 116J.682. The grants awarded under this program will be for two consecutive years, with the first year's grants being awarded at the outset. Additionally, the department is permitted to use up to five percent of the total appropriation for administrative expenses, and it is noted that these appropriations are one-time allocations.

Overall, the bill aims to enhance economic development by providing financial support to small businesses through this partnership program, thereby fostering growth and stability in the local economy.