The bill appropriates a total of $5,000,000 from the general fund for economic development and job retention efforts aimed at small businesses in the cities of St. Paul and West St. Paul. Specifically, it allocates $3,000,000 to St. Paul for collaboration with the West Side Community Organization and $2,000,000 to West St. Paul for partnership with the Residents of Color Collective. Both grants are designated for businesses with ten or fewer full-time employees and can be utilized for various purposes, including technical assistance, establishing revolving loan funds, issuing loans (including no-interest and forgivable loans), and providing grants for operating expenses.

The appropriations are set for fiscal year 2026 and will remain available until June 30, 2027. This funding aims to support small businesses in enhancing their operations and retaining jobs, thereby contributing to the economic development of the respective cities.