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 design, implement, market, and administer tailored economic development programs that address their specific needs.

Additionally, the bill specifies that the technical assistance grants will be awarded based on the communities' needs, particularly targeting those that cannot afford such services. Of the total appropriation, up to $270,000 may be allocated for the implementation of economic development projects that align with the technical assistance provided. This funding is characterized as a one-time appropriation, emphasizing its temporary nature to support immediate rural economic development efforts.