The bill appropriates $2,250,000 from the general fund for fiscal year 2026 to the commissioner of employment and economic development for a grant to the Neighborhood Development Center (NDC). This funding is intended to support various small business programs, which include training, lending, business services, and real estate initiatives. The grant will also assist organizations outside of the seven-county metropolitan area by providing technical assistance and grants to implement NDC's small business support model, offer one-on-one technical assistance for entrepreneurs, and support the operations and marketing of a cybersecurity center.
This appropriation is designated as a one-time funding source, meaning it is not intended to be a recurring expense. Additionally, any unencumbered balance remaining at the end of the first year will not cancel and will be available for use in the second year, ensuring that the funds can be fully utilized to support the intended programs and initiatives.