The bill aims to enhance economic development in Minnesota by extending the availability of relocation grants. It mandates that the commissioner of employment and economic development reissue a request for proposals for these grants, as outlined in previous legislation (Laws 2024, chapter 120, article 1, section 2, paragraph (i)). The commissioner is also required to actively engage in outreach and provide technical assistance to businesses that qualify for the grants.

Additionally, the bill specifies that the funding appropriated for these relocation grants will remain accessible until June 30, 2026. This extension is intended to support businesses in their relocation efforts, thereby fostering economic growth and stability within the state.