The bill aims to enhance economic development in Minnesota by extending the availability of relocation grants. It mandates the commissioner of employment and economic development to reissue a request for proposals for these grants, as outlined in previous legislation. The commissioner is also required to actively engage in outreach and provide technical assistance to eligible businesses seeking these grants.

Additionally, the bill specifies that the appropriation for the relocation grants will remain available until June 30, 2026, ensuring that businesses have ample time to apply for and utilize the funding. This extension is intended to support economic growth and encourage businesses to relocate to Minnesota, thereby fostering job creation and investment in the state.