The bill proposes an appropriation of $6,425,000 for the Small Business Assistance Partnerships Program in both fiscal years 2026 and 2027. This funding is allocated from the general fund to the commissioner of employment and economic development, specifically for the program outlined in Minnesota Statutes, section 116J.682. The bill stipulates that all grant awards will be for two consecutive years, with grants being awarded in the first year. Additionally, the department is permitted to use up to five percent of the total appropriation for administrative purposes, and it is noted that these appropriations are one-time allocations.

Overall, the bill aims to support small businesses through financial assistance, enhancing economic development in Minnesota by providing necessary resources for growth and sustainability.