Latino Economic Development Center grant funding provided, and money appropriated.

HF 1602 appropriates $2 million for fiscal year 2026 and $2 million for fiscal year 2027 from Minnesota's workforce development fund to the Latino Economic Development Center (LEDC). The bill directly provides funding to LEDC to support microentrepreneurs and prospective business owners, particularly in Minnesota's Latino community. Key provisions include using the funds for business training, workshops, one-on-one consultations, and assistance with startup processes - covering areas like green jobs, technology, STEM careers, and manufacturing. The grant aims to build business capacity and connect entrepreneurs to key resources, with no new laws or regulations created.