The bill proposes an appropriation of $2,000,000 for each of the fiscal years 2026 and 2027 from the workforce development fund to the commissioner of employment and economic development. This funding is designated for a grant to the Latino Economic Development Center (LEDC). The grant aims to support microentrepreneurs by providing training, workshops, and one-on-one consultations, as well as enhancing the operational capacity of the LEDC.

Additionally, the grant proceeds will be utilized to assist prospective entrepreneurs in the start-up process. This includes introducing them to essential business concepts such as business start-up readiness and innovative career pathways in various fields, including trades, green lending, technology, coding, STEM careers, translation services, and manufacturing. The bill emphasizes the importance of fostering entrepreneurship within the Latino community through targeted support and resources.