The bill appropriates funds for the Ignite Businesswomen Investment Group Foundation (IBWIG Foundation) to support women entrepreneurs in Minnesota. Specifically, it allocates $1,400,000 from the general fund for fiscal year 2027 to establish a fund aimed at providing access to capital and business development resources for women entrepreneurs, particularly those in underserved and economically disadvantaged communities. This funding can be utilized for working capital, capacity-building grants, and low-interest loans, and is designated as a one-time appropriation.

Additionally, the bill includes a further appropriation of $250,000 for the same fiscal year to support capacity building and business development for women entrepreneurs. This funding is intended for business planning, leadership development, financial literacy, technology training, and marketing support, as well as grants to community-based organizations that focus on women-focused entrepreneurship support. This, too, is a one-time appropriation.