The bill, H.F. No. 2203, is a capital investment proposal in the Minnesota House of Representatives that appropriates $4,500,000 from the general fund in fiscal year 2026. The funds would be granted to the Neighborhood Development Center by the Commissioner of Employment and Economic Development to design, construct, furnish, and equip a new Entrepreneur Innovation Center in the Lake Street Corridor in Minneapolis.

The center would provide space for entrepreneurs from low-income communities to develop and operate businesses, and may include:
- A technology accelerator,
- A beauty, health, and wellness incubator,
- A small-batch production kitchen,
- Community event and meeting space,
- A food production kitchen, and
- Retail space.

The appropriation remains available until the project is completed or abandoned, in accordance with Minnesota Statutes, section 16A.642, and it is a one-time allocation.