The bill proposes an appropriation of $2,000,000 from the general fund for the fiscal year 2026 to support African Economic Development Solutions. This funding is specifically allocated to the commissioner of employment and economic development for a grant aimed at addressing economic inequities faced by the African immigrant community.

The appropriation is divided into two main components: $1,000,000 is designated for a loan fund to support business ventures by African immigrant entrepreneurs, while the other $1,000,000 is allocated for providing business technical assistance to these entrepreneurs. This funding is a one-time appropriation and will remain available until June 30, 2028.