The bill proposes an appropriation of $1,500,000 from the general fund for the fiscal year 2026 to support the Coalition of Asian American Leaders. This funding is designated for outreach, training, technical assistance, peer network development, and direct financial assistance specifically aimed at Asian Minnesotan women entrepreneurs and Asian-owned businesses.
This appropriation is a one-time allocation and will remain available until June 30, 2027. The bill emphasizes the importance of supporting economic development within the Asian American community in Minnesota through targeted assistance and resources.