The bill appropriates $2,000,000 from the general fund to the commissioner of employment and economic development for a grant to African Economic Development Solutions in fiscal year 2026. This funding is specifically allocated to support the African immigrant community by establishing a loan fund and providing business technical assistance. The loan fund will receive $1,000,000 to help address economic inequities faced by entrepreneurs in this community, while the remaining $1,000,000 will be dedicated to offering business technical assistance.

This appropriation is a one-time allocation and will remain available until June 30, 2028, ensuring that the funds can be utilized effectively to foster economic development and support for African immigrant entrepreneurs in Minnesota.