This bill amends section 81-12,162 of the Reissue Revised Statutes of Nebraska to enhance the small business investment program administered by the Department of Economic Development. The amendments include provisions for the department to provide grants to various organizations that support microenterprises, such as microloan delivery organizations and innovation hubs. The bill emphasizes equitable access to financial assistance across all geographic areas of Nebraska and outlines criteria for awarding grants, including the ability to provide business development services and the geographic representation of services.

Additionally, the bill introduces a new provision that allows the department to award up to three million dollars per year under this section, starting in fiscal year 2027-28. This replaces the previous language that stated "Each year the department may award up to three million dollars." The original section 81-12,162 is repealed, consolidating the updated requirements and funding provisions into the amended statute.