This bill, Minnesota Senate File No. 1945, proposes an appropriation of $1,000,000 from the state’s general fund for fiscal year 2026. The funds would be granted to the Entrepreneur Fund through the state's Department of Employment and Economic Development. The purpose of the grant is to capitalize revolving loan funds that support for-profit business startups, expansions, and ownership transitions in northeast Minnesota. This appropriation is designated as a one-time investment.