The bill proposes an appropriation of $627,000 from the general fund for the fiscal year 2026 to support rural economic development in Minnesota. The funds are designated for a grant to Community and Economic Development Associates (CEDA), which will utilize the money to provide technical assistance and project grants to small communities in rural areas. The aim is to help these communities with economic development initiatives tailored to their specific needs, particularly for those that cannot afford such services.

Additionally, the bill allows for up to $270,000 of the appropriated funds to be allocated for the implementation of economic development projects that are developed in conjunction with the technical assistance provided. This funding is intended to enhance the capacity of rural communities to engage in economic development activities and is characterized as a one-time appropriation.