The proposed bill establishes the Minnesota Business Recovery Loan Program, aimed at assisting businesses adversely affected by increased immigration enforcement activities starting December 1, 2025. The bill appropriates $100 million from the Minnesota forward fund account to the commissioner of employment and economic development, with specific allocations for zero-interest loans to businesses in greater Minnesota and the seven-county metropolitan area. The program is designed to help stabilize affected businesses, protect jobs, and support the recovery of Minnesota's economy. The funds will be available until June 30, 2028, and a maximum of eight percent can be used for administrative costs.

Eligibility for loans under this program requires businesses to be located in Minnesota, owned by a permanent resident, and demonstrate a significant loss in revenue due to immigration enforcement activities. The bill outlines specific loan amounts based on the size and revenue of the business, with a minimum state contribution of $2,500. Additionally, the bill includes provisions for loan repayment, forgiveness schedules, and reporting requirements for participating lenders. By June 30, 2028, a comprehensive report detailing the program's financial activities and outcomes must be submitted to legislative committees overseeing economic development.