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 (Laws 2024, chapter 120, article 1, section 2, paragraph (i)).

Additionally, the bill emphasizes the importance of outreach and technical assistance to ensure that eligible businesses are aware of and can access these grants. The funding for these grants will now be available until June 30, 2026, allowing for a longer period for businesses to apply and benefit from the program.